Market Financial Solutions has launched a new core buy-to-let offering, with its existing range renamed as 'specialist buy-to-let’.
The lender says its new core buy-to-let range is designed to improve speed, simplicity and accessibility for landlords and their brokers.
The products are available across two tiers depending on a borrower’s risk profile and the loan they require. The range includes two and three-year fixes, alongside a two-year tracker.
The core buy-to-let products are for residential properties and standard assured shorthold tenancies (ASTs) only. They have a maximum term of 25 years and there is no rolled up or deferred payment options (these are available through the specialist range). Open market valuations will be used to maximise the available LTV and reduce friction.
UK expats with footprint, residing in EEA countries, Channel Islands, Switzerland, USA, Canada, Australia, or New Zealand can all access the core loans, while first-time landlords are also accepted on Tier 2. Foreign nationals and offshore companies are excluded.
Market Financial Solutions now has a bridging loan, core buy-to-let, specialist buy-to-let and Bridge Fusion range.
Paresh Raja (pictured), CEO 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 buy-to-let 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 buy-to-let range, which is there to cater to all types of buy-to-let 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 buy-to-let is another valuable string to our bow and I’m confident that the response from the market will be really positive.”
