Market Financial Solutions has launched a new ‘core buy-to-let’ product range, separating it from its existing specialist offering in a bid to make borrowing simpler and more accessible for landlords.
The London-based lender, founded in 2006, said the new range was aimed at improving speed and clarity for landlords and their brokers. The core products, available as two- and three-year fixes and a two-year tracker, are designed solely for residential properties with standard Assured Shorthold Tenancies.
Loans have a maximum term of 25 years, with open market valuations used to maximise available loan-to-value ratios. Rolled-up or deferred payment options are excluded, but remain part of the specialist buy-to-let range.
Eligibility extends to UK expatriates with a footprint in the UK and who are resident in EEA countries, the Channel Islands, Switzerland, the US, Canada, Australia or New Zealand. First-time landlords are also eligible under the second tier of the new structure, though foreign nationals and offshore companies are excluded.
Market Financial Solutions, which also offers bridging loans and its Bridge Fusion product, said the changes ensured a breadth of choice for property investors, landlords and developers.
Paresh Raja (pictured), chief executive of Market Financial Solutions, said: “We’re approaching a major milestone of 20 years of lending, and our mission remains the same today as it did in 2006: to cater to all manner of clients, no matter how complex, by delivering industry-leading products and an exceptional service.
“The launch of the Core BTL range is another important step for us; the Core products are all about simplicity and ease-of-access for landlords, and they will perfectly complement the Specialist BTL range, which is there to cater to all types of BTL borrower.
“As a lender, we pride ourselves on being able to take on any application that a borrower or broker might put in front of us. Flexibility and optionality are central to our ‘can lend, will lend’ ethos.
“Core BTL is another valuable string to our bow and I’m confident that the response from the market will be really positive.”
