"The fact we are bringing in shorter fixes but without rate stressing will give buy-to-let investors much more control and choice when seeking the right product."
- Paresh Raja, CEO of MFS
Market Financial Solutions (MFS) has re-introduced fixed rate buy-to-let mortgages and reduced all of its tracker rates.
The specialist lender has launched a range of two and three-year fixes from 4.59% with no rate stressing.
MFS has also reduced its tracker rates by between 0.20% and 0.25%.
Paresh Raja, CEO of MFS, said: “The time is right for us to introduce two-year and three-year fixed products back into our buy-to-let mortgage range. We know that while they do not want to be locked in for so long, many brokers and borrowers take out five-year fixes due to a lack of an alternative or because they can get a longer-term fix without rate stressing. The fact we are bringing in shorter fixes but without rate stressing will give buy-to-let investors much more control and choice when seeking the right product.
“Everything we do is designed to empower brokers and borrowers. Our skill, experience and funding lines allow us to provide greater flexibility and optionality, and we’re confident that our expanding buy-to-let mortgage range will remain in high demand in 2024.”
