Market Financial Solutions (MFS) has launched a new range of lower-rate buy-to-let mortgages, including special edition trackers with pay rates from 0.25% plus the Bank of England base rate (BBR).

The new range allows brokers and their clients to choose their product fee depending on the borrower’s individual requirements, with flexibility to choose between a 2%, 4% or 6% fee across all four tiers.

A higher product fee – added to the loan, not paid upfront – means borrowers can benefit from lower interest rates which can help with cashflow or generating a larger loan size.

The option to roll-up months of interest or defer part of the interest rate until redemption means rental income goes further when calculating a maximum loan.

Under the new range, by opting for a higher product fee, borrowers can access pay rates that start from 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).

Paresh Raja (pictured), CEO of MFS, said: “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. In the current climate, we see this as a shining example of how specialist lenders can innovate in order to help brokers and property investors, giving them the support they need to act with confidence.”