Market Financial Solutions has announced a reduction in rates across its range of fixed rate bridging loans.
The lender’s residential single loans are now available from a fixed rate of 0.70%. Rates for a variety of other products have also been reduced, including portfolio loans, second charge, light development, semi-commercial, commercial, and development exit loans.
Brokers and investors can also access lower rates on large residential, commercial and semi-commercial loans.
Founded in 2006, London-based Market Financial Solutions specialises in handling large and complex property loans at speed. The lender offers loans of up to £50 million, with terms ranging from three to 36 months, as well as buy-to-let mortgages with terms of up to 10 years.
The lender recently renegotiated and extended an institutional funding line to fuel the growth of its loan book.
Paresh Raja (pictured), CEO of Market Financial Solutions, said: “The property market has enjoyed a productive first five months of the year, with multiple house price indices showing consistent growth. With the Bank of England expected to reduce the base rate further in 2025, we’re preparing for increased demand among investors, so now feels like the right time to cut rates and maintain momentum.
“With the market getting more competitive, bridging loans will help investors and brokers move with speed and flexibility in the coming weeks, and I’m confident they’ll find great value in our new fixed rates. Backed by the strength of our funding lines, we’ll continue to adapt our offering to ensure that it meets the needs of brokers and property investors as they navigate an ever-evolving market.”
