Market Financial Solutions (MFS) has today joined the PMS Mortgage Club lending panel. The partnership will mean PMS Mortgage Club’s network of intermediaries and brokers can gain access to MFS’ range of buy-to-let (BTL) mortgages products, allowing them to place and process complex cases which require bespoke, tailored solutions.
Founded in 2006, London-based specialist lender MFS specialises in handling large loans at pace, offering loans up to £50 million with terms between three and 24 months.
At the start of October MFS announced it had reduced its BTL mortgage rates, including a new range of products that allows brokers and their clients to choose their product fee depending on individual requirements, with flexibility to choose between a 2%, 4% or 6% fee across all four tiers of loans.
MFS is currently sitting on more than £1 billion in funding and is on track to achieve its goal of growing its loan book to £1.5 billion by the end of 2023.
Karen Rodrigues, Head of National Accounts at MFS, said: “Our new BTL mortgage products, which allow landlords to pick their product fee to best suit their preferred repayment models, have proven to be really popular. So, we are excited to be working with PMS to ensure more brokers are able to access our BTL range.
“Ultimately, with the market still adapting to the Bank of England’s hiking cycle over the past two years, brokers are crying out for optionality and flexibility. Our skill and experience as a lender, coupled with our funding strength, allows us to innovate in order to meet the evolving needs of brokers and borrowers, as PMS’s network will now get to see first-hand.”
Stephanie Charman, strategic relationships director at PMS Mortgage Club, added: “We are excited to welcome MFS to the PMS Mortgage Club lending panel. The business has great experience as a specialist lender and a particularly flexible range of BTL mortgages, allowing borrowers to scale their product fee up or down in line with a rate that best fits their cashflow and repayment capabilities.
“With a shared commitment to ensuring advisers and brokers have access to the very best products, along with exceptional service and wrap-around support, MFS is a natural partner for us. We are very pleased to be working together.”
Find more information about MFS’ bridging loans, and details of its BTL offering.
