Market Financial Solutions has launched its ‘core buy-to-let’ range, making its previous buy-to-let (BTL) products the ‘specialist buy-to-let’ range.
The lender aims to make things quicker and simpler for landlords and brokers with the new core BTL products.
The BTL products are split into two tiers, based on risk profile and loan size.
There are 2- and 3-year fixed rates, plus a 2-year tracker.
The core BTL products are for residential properties with standard assured shorthold tenancies only and have a maximum loan term of 25 years.
There are no rolled up or deferred payment options on the core range, but these are still available under the specialist BTL products.
Open market valuations will be used to help maximise loan to value and reduce delays.
UK expats with a UK footprint, living in EEA countries, the Channel Islands, Switzerland, USA, Canada, Australia or New Zealand can access the core BTL range.
First-time landlords are accepted on tier 2, while foreign nationals and offshore companies are not eligible.
Paresh Raja (pictured), CEO at 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 BTL 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 BTL range, which is there to cater to all types of BTL 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.”
Raja added: “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.”
