MFS (Market Financial Solutions) has announced a reduction in rates across its residential bridging and buy-to-let mortgage offerings. This change affects both their fixed and variable rate products, encompassing residential and commercial properties.
Established in 2006, the London-based lender is known for managing large and complex loans efficiently, providing loans up to £50m with durations ranging from three to 24 months.
MFS has also introduced a new range of products that allow borrowers to select their product fee, offering choices of 2%, 4%, or 6% fees across all loan tiers. Additional options for borrowers include increasing loan sizes through deferred interest, rolled-up interest, and top-slicing.
Paresh Raja, chief executive officer of MFS, said: “We are kickstarting 2024 with new and improved rates, supporting brokers and their clients as they embark on their property investment plans for the year ahead.
“Reducing rates is just part of the picture, however. Flexibility remains equally important – we will continue to deploy various methods to enable borrowers to get their optimum loan sizes and repayment structures.
“At MFS, we’re confident that the property market will continue to demonstrate great resilience and experience significant demand in 2024, and we’ll continue to strive to deliver the very best products and service to brokers seeking out bridging loans and buy-to-let mortgages.”
