MFS cuts residential bridging and buy-to-let rates

Market Financial Solutions (MFS) has reduced rates across its residential bridging and buy-to-let mortgage product ranges.

The specialist lender’s bridging rates have reduced across both its fixed and variable products on both residential and commercial property types. MFS’s residential buy-to-let rates have also been reduced across the range.

MFS recently added a new range of products that allows borrowers to choose their product fee depending on individual requirements, with flexibility to pick between a 2%, 4% or 6% fee across all four tiers of loans.

Borrowers can also increase their loan size by using deferred interest, rolled-up interest and top-slicing.

Paresh Raja, CEO of MFS, said: “We are kickstarting 2024 with new and improved rates, supporting brokers and their clients as they embark on their property investment plans for the year ahead.

“Reducing rates is just part of the picture, however. Flexibility remains equally important – we will continue to deploy various methods to enable borrowers to get their optimum loan sizes and repayment structures.

“At MFS, we’re confident that the property market will continue to demonstrate great resilience and experience significant demand in 2024, and we’ll continue to strive to deliver the very best products and service to brokers seeking out bridging loans and BTL mortgages.”