This Loan Rates Table is representative of the Q3 2022 MFS Buy-to-Let Loan Rates.
Buy-To-Let Loan Rates
Tier 1: Standard BTL
Our best rate for straightforward cases
Tier 2: Solutions BTL
Designed for most simple transactions. Those wanting mid-term BTL solutions from a 'can do' lender
Tier 3: Specialist BTL
For more complex borrowers or properties: Large structures, expats, foreign nationals, or overseas companies
Tier 4: Bespoke BTL
Complex combinations reviewed by experienced UW on case ments & wider picture. We always try our best to lend
|Fixed Rate (for full term)||6.19%||6.69%||6.99%||From 7.29% (POA)|
|Pay Rate 4.69% (with 1.5/2% deferred interest)||4.69%||5.19%||4.99%||From 5.29%|
|Product Free||1.75%||1.75%||1.75%||From 2% (POA)|
|Loan Term||24 or 36 months||24 or 36 months||24 or 36 months||24 or 36 months|
|Individual Loan Size||£150k - 3m||£150k - 3m||£150k - 3m||£150k - 3m|
|Rate Deferral||Up to 1.5%||Up to 1.5%||Up to 2.0%||Up to 2.0%|
|Rollup & Defer||Up to 9 months||Up to 9 months||Up to 9 months||Up to 9 months|
|HMO||Yes <= 6 beds||Yes <= 12 beds. Max 70% LTV||Yes, any size considered|
|Multi-Unit Freehold Block||Yes, <= 6 units||Yes, 10 units||Yes, up to 30 units|
|Flats above commercial||Yes, max 60% LTV certain types||Yes, max 65% LTV certain types||Yes, Considered to 70% LTV|
|First Time Landlord|
|Expat/Foreign Nationals||UK footprint|
|Holiday/Short Term Let|
(outstanding impairment to be satisfied by completion)
|Missed Mortgage Payments (incl 2nds)||0 missed in last 24 months||0 missed in last 18 months||2 missed last 18m, 0 in last 6m||Considered upon referral|
|Unsecured Card/Loan Payments (ignore when balance < 500)||0 missed payments last 24 months||0 missed payments last 12 months||2 missed in last 18m||Considered upon referral|
|CCJs & Defaults (Ignore <= 350, telecom, utility)||0 registered in last 24m||0 registered in last 18m||2 registered in last 18m, 0 in last 6m||Considered upon referral|
|Bankruptcy/IVA/DRO||Never||Never||Discharged > 3 years||Considered upon referral|
1Hard ‘Gross loan’ limit. Product or broker fees and rolled up interest will reduce gross loan.
2Flats above commercial: above (or immediately adjacent) commercial premises up to max tier LTV, except when a restaurant, takeaway, pub, or launderette; max LTV 60% tier 2, 65% tier 3, and considered to 70% Bespoke tier 4.
3UK Footprint: Have active credit, accounts, or property in the UK. Offshore foreign nationals, companies, or expats without this assessed on tier 3 or 4; min rent ICR may be increased, term cap 24 months, or interest payments retained from the loan at UW discretion.
4Rollup & Defer: Maximum of 6 months on 24 month term, maximum of 9 months on 36 month term.
ERC: 2yr term 4%/3%, 3 yr term 4%/3%/2%. Final month waived. No credit scoring.
Admin Fee: £199 per property (max £995), non-refundable, paid with val fee. Free for existing MFS group customers.
Get your quote with our Buy-To-Let calculator
Try out our Buy-To-Let Calculator today to find out how much you can borrow. Download your quote for free to receive a detailed quote showing your interest, charges and other costs associated with your buy-to-let loan.
- Did you know there are no exit fees and that we’ll return your client’s commitment fee upon the loan draw down?