MS Lending Group surges past £100m

By Bridging Loan Directory 22nd February 2023

North West based lender, MS Lending Group said that a record-breaking Christmas has helped it deliver over £100m in loans in its first two years of trading.

The group said its loan book came in at £81 million in 2022, “more than exceeding targets”. It represents a huge 268% increase on the £22 million it achieved in 2021.

It said that December was a record breaking month for the company, lending over £17.6m despite worries that interest changes made in the fourth quarter may see business slow down.

It said demand for its new products as well as close relationships with clients had helped it defy these fears.

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.

Michael Stratton, founder and chief executive said:

“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 £2 million products.

However, I think our relationship- led lending and 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.”

Stratton said that despite a challenging economic outlook, 2023 is set to take MS Lending Group to “even higher levels”.

The news caps off a great year for MS Lending Group which saw the lender secure two major funding lines, including an initial £50 million senior-secured facility with alternative investment asset manager Pollen Street Capital last Summer.