MFS (Market Financial Solutions), a lender since 2006, is adjusting the cost of borrowing. The rate cut applies to both fixed and variable rate products, encompassing a wide range of property types, including residential and commercial.

New Rates and Products:

• Lower Borrowing Costs: Borrowers will now find more attractive rates for both bridging loans and buy-to-let mortgages.
• Flexible Fee Options: MFS is rolling out a unique feature where borrowers can choose their product fee. The options include 2%, 4%, or 6% fees, giving borrowers more control over their financing costs.
• Enhanced Loan Options: Borrowers can now increase their loan sizes through various means, like deferred interest, rolled-up interest, and top-slicing.

A Focus on Flexibility and Support

Paresh Raja, the CEO of MFS, emphasised that while reducing rates is crucial, flexibility remains a key focus. MFS aims to support brokers and their clients by offering various methods to customize loan sizes and repayment structures. This approach indicates a deeper understanding of the diverse needs of borrowers in today’s market.