Market Financial Solutions (MFS) has launched buy-to-let offering focusing on speed, simplicity and accessibility for landlords.
The available products are two- and three-year fixes, and a two-year tracker, while they are for residential properties and standard Assured Shorthold Tenancies (ASTs).
MFS’s existing buy-to-let range is known as ‘specialist buy-to-let.
Paresh Raja, CEO of Market Financial Solutions, said: “We’re approaching a major milestone of 20 years of lending, and our mission remains the same today as it did in 2006: to cater to all manner of clients, no matter how complex, by delivering industry-leading products and an exceptional service.
“The launch of the core buy-to-let range is another important step for us; the Core products are all about simplicity and ease-of-access for landlords, and they will perfectly complement the Specialist buy-to-let range, which is there to cater to all types of buy-to-let borrower.
“As a lender, we pride ourselves on being able to take on any application that a borrower or broker might put in front of us. Flexibility and optionality are central to our ‘can lend, will lend’ ethos. Core BTL is another valuable string to our bow and I’m confident that the response from the market will be really positive.”
The core buy-to-let range products a maximum term of 25 years and there is no rolled up or deferred payment options. Open Market Valuations (OMVs) will be used to maximise the available LTV and reduce friction.
UK Expats with footprint, residing in EEA countries, Channel Islands, Switzerland, USA, Canada, Australia, or New Zealand can all access the core buy-to-let loans, while first-time landlords are also accepted on Tier 2. Foreign nationals and offshore companies are excluded.
Market Financial Solutions now has a bridging loan, core buy-to-let, specialist buy-to-let and bridge fusion range, ensuring a breadth of options to cater to as wide a range of property investor, landlord and developer as possible.
