Looking to secure a bridging loan, buy-to-let mortgage or a hybrid product that combines the best of both worlds? Market Financial Solutions (MFS) has just slashed rates across their entire product range, offering attractive deals for those looking to invest in property.
MFS’s Bridge Fusion product, launched earlier this year, provides a unique blend of bridging and buy-to-let financing. This means you can secure a longer-term loan than traditional bridging options, up to 36 months. The Fusion is ideal for those needing more time to complete a property project or transition from bridging to a longer-term mortgage.
The good news? MFS has now reduced rates on the Fusion product, starting from 5.09% plus Bank of England base rate. This is down from the previous rate of 5.25% plus base rate, meaning you could save a significant amount on your monthly repayments.
And there’s even more flexibility! Borrowers can now defer up to 2 percentage points of their interest rate, meaning the initial payment rate could be as low as 3.09% plus base rate.
Bridging Loans Get a Boost
MFS isn’t just focusing on the Fusion. They have also slashed rates on their standard bridging loans. Previously starting at 0.45% plus base rate per month, you can now snag a bridging loan at a starting rate of just 0.39% plus base rate per month. This could mean substantial savings on your short-term financing needs.
BTL Deals Shine
Looking for a buy-to-let mortgage? MFS has got you covered there too. Their two-year fixed-rate BTL mortgages now start from 5.04%. This makes it an attractive option for landlords seeking stable and predictable repayments over a longer period.
Why is MFS Making These Changes?
MFS has a simple explanation: “The market is heating up now that the Bank of England has started to bring down the base rate,” says Paresh Raja, MFS CEO. This means more landlords and investors are looking to take advantage of the current market conditions. By reducing rates, MFS is keen to stay ahead of the curve and attract even more borrowers.
With over £1 billion in funding lines, MFS is committed to providing a wide range of products to suit your specific needs. Whether you require a short-term bridging loan, a long-term BTL mortgage, or the flexible option of a Fusion loan, MFS offers a comprehensive solution for landlords.