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MFS refreshes buy-to-let range

Paresh Raja Market Financial Solutions

Market Financial Solutions has launched a range of lower-rate buy-to-let mortgages, with tracker rates starting from 0.25% plus the base rate.

Fees range from 2%, 4%, or 6% across the four tiers, while applicants have the option of adding the fee to the loan.

MFS also boosts loan sizes to help landlords adapt to the higher interest rate environment.

Paresh Raja, chief executive of MFS, 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.

“In the current climate, we see this as a shining example of how specialist lenders can innovate in order to help brokers and property investors, giving them the support they need to act with confidence.”

MFS’s range now has an extended term of five years, up from three currently, still maintaining low early repayment charges in the first two years and giving flexibility of being free to leave afterwards, if a borrower wishes.