Market Financial Solutions (MFS) has launched a new range of lower-rate buy-to-let (BTL) mortgages.
These include special edition trackers with pay rates as low as 0.25% plus the Bank of England base rate (BBR).
The new range allows brokers and their clients to choose their product fee, with flexibility to choose between a 2%, 4% or 6% fee across all four tiers.
MFS says a higher product fee – added to the loan, not paid upfront – means borrowers can benefit from lower interest rates to help with cashflow or generating a larger loan size.
The specialist lender’s initiative has been created to help borrowers who are looking to raise the right amount of funds or require increased cashflow from their property investments.
Under the new range, by opting for a higher product fee, borrowers can access pay rates that start from just 0.25% over the BBR when deferring 2% of the full rate.
MFS’s new range now has an extended term of five years (up from three currently).
MFS chief executive Paresh Raja says: “At MFS, we appreciate it isn’t always easy for brokers and landlords to find solutions that combine rate, fee and overall loan size that allows them to purchase or refinance.
“Our new lower rates and wider fee options provide great flexibility and leverage to support a much wider group of customers. “