Market Financial Solutions (MFS) has announced the launch of a new range of buy-to-let (BTL) mortgage products, making them available to all brokers and direct clients.
The bridging lender had piloted the BTL products since October 2021 among 17 intermediary partners.
Based on high demand during this trial period, MFS has now officially rolled out the mortgage range, with the new BTL business to be headed up by Mike Cook, who joined the company last year as chief mortgage officer.
With two or three-year terms, MFS suggested its loans can provide “optionality and breathing space” between bridge exits or initial purchases and future long-term financing. Pay rates are to start from 3.79%, with product fees from 1.5%, and a 1% commission.
MFS CEO, Paresh Raja, commented: “Following the success of the three-month pilot, we are delighted to announce the enhancement and full launch of our BTL mortgages.
“With more than 15 years’ experience in the bridging sector, we will be taking the speed, flexibility and high level of service that we are known for and applying these qualities within the BTL mortgage space. We expect high demand for the products and look forward to bolstering our offering even further throughout 2022 to best meet borrowers’ needs.”
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