MFS and TML both reduce rates for landlords

MFS and TML both reduce rates for landlords

0:06 AM, 14th January 2025, About 15 hours ago

Text Size

Market Financial Solutions (MFS) has reduced its rates across its bridging, buy to let and Bridge Fusion ranges.

The lender has lowered both variable and fixed-rate bridging loan rates.

Rates on the Bridge Fusion range, a hybrid of a bridging loan and a longer-term BTL mortgage launched in June 2024, have also fallen.

This product allows for a longer term of up to 36 months, providing increased certainty for borrowers on loans of up to £20 million for residential, semi-commercial, and commercial properties.

Falling interest rates

The lender’s chief executive, Paresh Raja, said: “The property market ended 2024 strongly, with house prices rising amid falling interest rates.

“With the Bank of England expected to cut the base rate further in 2025, we expect greater demand among property investors over the coming months, so it is the perfect time for us to help stimulate the market by reducing our rates.

“With significant price reductions across our BTL, bridging and fusion offering, I’m confident brokers and borrowers alike will see real value in our products.”

TML announces several rate cuts

Meanwhile, The Mortgage Lender (TML) has announced several rate cuts across its BTL product range.

The rate reductions apply to several two- and five-year fixed-rate products, including its standard, HMO/MUB, fee saver and multi-loan products with rates now starting from 4.39% for standard properties and 4.59% for HMO and MUB.

The lender has reduced pricing on its five-year 75% LTV fixed rate fee saver product for purchases and remortgages by 20bps.

The standard rate now stands at 5.86%.

‘Reductions across our BTL range’

The rate for HMO and multi-unit blocks has been reduced by 10bps and now stands at 6.19%.

TML’s portfolio multi-loan range products have also seen a rate reduction.

This includes the multi-loan range with a 2% fee, with the five-year fixed-rate products up to 75% LTV seeing a drop of 15bps on standard properties and 10bps drop on HMO/MUB properties.

David Eaves, TML’s head of sales at TML, said: “As we start the new year, we’re pleased to announce a number of rate reductions across our BTL range, supporting landlords with more options when it comes to reviewing their properties and portfolios.

“We strive to offer a diverse range of competitive products to our broker partners and their clients, so they have as wide a choice as possible when it comes to determining which products best suit their lending circumstances.”

For assistance with any type of buy to let (BTL), property or commercial finance please complete the contact form below:

Contact Brooklands Commercial Finance

  • How can I help you?


Share This Article


Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Automated Assistant Read More