It’s good news for landlords and property investors as Market Financial Solutions (MFS) has just announced a major rate cut on a number of their popular products.

MFS has reduced rates across its Bridge Fusion range, which was launched earlier this year. This product is designed to give landlords more flexibility and certainty with longer loan terms of 24 to 36 months – that’s up to £20 million for your next big investment!

Commercial BTL Gets a Makeover

If you’re looking for a commercial property investment, MFS has also reduced rates on its commercial BTL products. They’ve even expanded the maximum loan term to a whopping 10 years and upped the maximum loan size from £1.5m to a cool £2m!

Rates Dropped Across the Board

The good news keeps coming! MFS has slashed rates across the board on several of its products:

• Large Bridge Fusion: Residential rates are down to 6.50%, while semi and full commercial rates are now 6.95%.
• Residential BTL Mortgages: Landlords can now get a maximum loan term of 10 years on these.
• Standard Residential Loans: MFS is offering rates as low as 5.25%.
• Standard Semi and Full Commercial Products: Rates have been reduced to 5.50%.

MFS CEO Paresh Raja said, “We are excited to make these reductions across various product ranges. At MFS, we are always looking for ways to improve our products and offer the best possible options to brokers and borrowers. We’re expecting a busy second half of 2024, and these rate cuts are a great way to start!”

What This Means for You

These rate cuts are a huge win for landlords and property investors. Lower rates mean less interest payments, leaving more money in your pocket. The increased loan terms and larger loan sizes also mean more flexibility and opportunity for those looking to expand their property portfolio.