MFS joins PMS lender panel

At the start of October MFS announced it had reduced its BTL mortgage rates, including a new range of products that 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 of loans.

Karen Rodrigues, Head of National Accounts at MFS, said:

“Our new BTL mortgage products, which allow landlords to pick their product fee to best suit their preferred repayment models, have proven to be really popular. So, we are excited to be working with PMS to ensure more brokers are able to access our BTL range.

“Ultimately, with the market still adapting to the Bank of England’s hiking cycle over the past two years, brokers are crying out for optionality and flexibility. Our skill and experience as a lender, coupled with our funding strength, allows us to innovate in order to meet the evolving needs of brokers and borrowers, as PMS’s network will now get to see first-hand.”

Stephanie Charman, strategic relationships director at PMS Mortgage Club, added:

“We are excited to welcome MFS to the PMS Mortgage Club lending panel. The business has great experience as a specialist lender and a particularly flexible range of BTL mortgages, allowing borrowers to scale their product fee up or down in line with a rate that best fits their cashflow and repayment capabilities.

“With a shared commitment to ensuring advisers and brokers have access to the very best products, along with exceptional service and wrap-around support, MFS is a natural partner for us. We are very pleased to be working together.”