North West based lender, MS Lending Group has surpassed over £100m in lending in its first two years of trading, lending large scale bridging loans is not anything we're not used to.
This represents a huge 268% increase in the lender’s loan book compared to 2021. Lending £22m in 2021, and increasing to £81m in 2022.
The lender has also expanded its office space in the final quarter of 2022 in order to continue to expand its headcount and levels of business.
Following the lending amounts, Michael Stratton, founder and CEO remarked: “I’m really pleased to announce we have hit over £100m in our first two years. Our clients are capitalising on our no valuation up to £500k, and desktop valuation up to £2million products. However I think our relationship- led lending; our speed and service, is ultimately what has brought so much business and repeat business. I am thrilled at the amount of business we have been able to complete for our clients, and I am so grateful for everyone’s continued support and our staff.
We more than exceeded our 2022 lending targets, and whilst in 2023 we’re conscious of the challenging economic outlook, 2023 is set to take MS Lending Group to even higher levels. We were aware with interest rate changes in Q4 that the amount of business may slow down. Instead, December was a record breaking month for the company, lending over £17.6m.
The news caps off a great year for MS Lending Group which saw the lender secure two major funding lines.