News in brief - 9 February 2024

Market Financial Solutions (MFS) has reintroduced fixed rate buy-to-let (BTL) mortgages and reduced all of its tracker rates. The lender is offering two and three-year fixes with no rate stressing. MFS’ fixed-rate products start from 4.59% and has also reduced its tracker rates by between 0.20% and 0.25%. MFS specialises in handling large and complex loans, offering leverage and loan size, using methods such as deferred interest, rolled-up interest and top slicing.

Fleet Mortgages has launched new limited edition, five-year fixed products with zero completion fees across its three core ranges, standard, limited company and HMO/MUB. The new fixes are available up to 75% LTV with standard/limited company borrowers being able to access a rate of 5.59%, while the rate is 5.93% for HMO/MUB borrowers. There is a £199 booking fee for each product and come with free valuation for both standard and limited company borrowers for properties up to a value of £500,000.

Skipton Building Society has launched a new tracker bond product, tracking at the level of the Bank of England (BoE) base rate for two years. As a result, the tracker bond will have an interest rate of 5.25% until at least the BoE’s next base rate announcement. Savers can open their accounts with deposits of between £500 and £1m and won’t be able to withdraw or close the account until maturity at the end of the term. As a tracker product, the society’s new account will rise or fall as the BoE adjusts its own base rate.



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.

The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.

Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage