Market Financial Solutions (MFS) has joined the PMS Mortgage Club lending panel. This partnership will enable PMS Mortgage Club’s network of intermediaries and brokers to access MFS’s buy-to-let (BTL) mortgage products, providing solutions for complex cases.
MFS, established in 2006 in London, handles loans up to £50m with terms between three and 24 months. In October, MFS reduced its BTL mortgage rates, launching a new product range.
This allows brokers and their clients to choose a product fee of 2%, 4%, or 6% across all loan tiers. Currently, MFS has over £1bn in funding, aiming to increase its loan book to £1.5bn by the end of 2023.
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 experience as a specialist lender with a flexible range of BTL mortgages.
“Borrowers can adjust their product fee in line with a rate suitable for their cash flow and repayment capabilities.
“MFS aligns with our commitment to giving advisers and brokers access to top products and service. We’re pleased to collaborate.”
