Market Monetary Options (MFS) has launched buy-to-let providing specializing in velocity, simplicity and accessibility for landlords.
The accessible merchandise are two- and three-year fixes, and a two-year tracker, whereas they’re for residential properties and customary Assured Shorthold Tenancies (ASTs).
MFS’s current buy-to-let vary is named ‘specialist buy-to-let.
Paresh Raja, CEO of Market Monetary Options, stated: “We’re approaching a serious milestone of 20 years of lending, and our mission stays the identical in the present day because it did in 2006: to cater to all method of shoppers, irrespective of how advanced, by delivering industry-leading merchandise and an distinctive service.
“The launch of the core buy-to-let vary is one other vital step for us; the Core merchandise are all about simplicity and ease-of-access for landlords, and they’ll completely complement the Specialist buy-to-let vary, which is there to cater to all sorts of buy-to-let borrower.
“As a lender, we delight ourselves on having the ability to tackle any utility {that a} borrower or dealer may put in entrance of us. Flexibility and optionality are central to our ‘can lend, will lend’ ethos. Core BTL is one other helpful string to our bow and I’m assured that the response from the market can be actually optimistic.”
The core buy-to-let vary merchandise a most time period of 25 years and there’s no rolled up or deferred fee choices. Open Market Valuations (OMVs) can be used to maximise the accessible LTV and scale back friction.
UK Expats with footprint, residing in EEA international locations, Channel Islands, Switzerland, USA, Canada, Australia, or New Zealand can all entry the core buy-to-let loans, whereas first-time landlords are additionally accepted on Tier 2. Overseas nationals and offshore corporations are excluded.
Market Monetary Options now has a bridging mortgage, core buy-to-let, specialist buy-to-let and bridge fusion vary, guaranteeing a breadth of choices to cater to as broad a spread of property investor, landlord and developer as potential.
