Market Financial Solutions has today launched a new ‘Core Buy-to-Let’ offering, with its existing BTL range becoming the ‘Specialist Buy-to-Let’.
Founded in 2006, the London-based lender specialises in handling large and complex property loans at speed, with its new Core BTL range 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. There are two- and three-year fixes, and a two-year tracker.
The Core BTL 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 BTL range). Open Market Valuations (OMVs) 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 BTL 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 BTL, Specialist BTL and Bridge Fusion range, ensuring a breadth of options to cater to as wide a range of property investor, landlord and developer as possible.
Paresh Raja, 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 BTL 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 BTL range, which is there to cater to all types of BTL 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 BTL is another valuable string to our bow and I’m confident that the response from the market will be really positive.”
