TMW and MFS launch new tools for landlords

TMW and MFS launch new tools for landlords

0:07 AM, 5th June 2024, About 6 months ago

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The buy to let market for landlords is receiving a boost with new offerings from both The Mortgage Works (TMW) and Market Financial Solutions (MFS).

The Mortgage Works, a specialist BTL lender, is launching a new tool specifically designed to help brokers working with portfolio landlords.

This sector faces growing complexity, making it crucial for landlords to manage their finances effectively.

Borrowing opportunities for portfolio landlords

The Portfolio Review tool empowers brokers to identify potential future borrowing opportunities for their portfolio landlord clients across all their properties.

This will deliver insights into a landlord’s entire portfolio to enable brokers to support informed financial planning.

TMW’s head of buy to let mortgages, Dan Clinton, said: “The various changes to the sector, such as increased regulation and taxation changes, have made the need for brokers to support portfolio landlords with their lending opportunities more important than ever.

“We believe the new Portfolio Review tool will be hugely beneficial to the broker community and enable more informative conversations to help landlords get more out of their investment.”

MFS is introducing the Bridge Fusion Loan

Meanwhile, Market Financial Solutions (MFS) is introducing a unique product – the Bridge Fusion Loan which is a hybrid offering.

The lender says it merges the flexibility of a bridging loan with the stability of a longer-term buy to let mortgage.

Designed for navigating economic uncertainty, the loan is a two-year tracker with competitive rates.

It provides borrowers with the ability to weather market fluctuations and the option to extend for a third year.

‘Perfect example of our desire to keep evolving’

The firm’s chief executive, Paresh Raja, said: “The new Bridge Fusion product is a perfect example of our desire to keep evolving, and the timing makes complete sense.

“As banks are slowing down with their lending activities in a year with potentially over £50bn of commercial refinances required, we are reducing our bridging rates and launching new products in order to ramp up.”

He added: “The general election will create more uncertainty over the coming weeks and months.

“We all knew it was coming, but few expected the vote to come in early July – and although it was formed before Rishi Sunak’s surprise announcement, our Bridge Fusion product is designed to help borrowers navigate such twists and turns in the market with greater confidence.”

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

Contact Brooklands Commercial Finance

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