According to the lender, who is aiming to grow its total loan value to £1bn over the next year, it offers BTL mortgages for complex clients, including those tied up in foreign or corporate structures, such as offshores companies and trusts.

This year, MFS is planning to add to its team, recruiting across bridging and BTL spaces, in search for underwriters and business development managers, among other roles.

The specialist provider, which was founded in 2006, launched a suite of BTL mortgage products for brokers in January, following a successful trial with intermediary partners.

Products allow loans of up to £2m at 75% LTV, and landlord portfolios of up to £10m.

“This new funding will greatly accelerate growth across all our product lines. In particular, it means MFS can deliver BTL mortgages to more and more clients,” says MFS CEO, Paresh Raja.

“The funding will also allow us to bolster our reputation for handling very large loans and taking on the quirkiest bridging and BTL cases that the market has to offer,” he adds.

According to MFS, its interest cover ratio (ICR) is “uniquely flexible.” It also offers “rolled-up” and deferred monthly payments to maximise flexibility on LTV and loan size.