Market Financial Solutions (MFS) has unveiled a new range of lower-rate BTL mortgages, which includes special-edition trackers with pay rates from 0.25% + Bank of England base rate (BBR).
The new range allows brokers and their clients to choose their product fee depending on individual requirements, with flexibility to choose between a 2%, 4% or 6% fee across all four tiers — by opting for a higher product fee, borrowers can benefit from lower interest rates.
Under the new range, clients can access pay rates starting from 0.25% + BBR when deferring 2% of the full rate.
In addition, MFS’s new range now has an extended term of five years (previously three years), with no ERC after two years.
The lender introduced the new BTL product suite to help borrowers looking to raise funds or increase cashflow for their property investments.
Paresh Raja, CEO at MFS (pictured above), said: “At MFS, we appreciate it isn’t always easy for brokers and landlords to find solutions that combine rate, fee and overall loan size that allows them to purchase or refinance.
“Our new lower rates and wider fee options provide great flexibility and leverage to support a much wider group of customers.
