Market Financial Solutions has cut rates across its complex buy-to-let (BTL) mortgage, bridging and Bridge Fusion ranges.
The lender has reduced their bridging rates, across both the variable and fixed rate products.
There are also reduced rates on the Bridge Fusion range. Originally launched in June 2024, the product allows a longer term of up to 36 months, for borrowers on loans of up to £20m for residential, semi-commercial and commercial properties.
Market Financial Solution’s residential BTL mortgage rates have also been cut so that a two-year fix starts from a payrate of 4.74% on its two-year fix product. Its three-year fix now starts from 5.14% and the five-year fix options start from 5.94%.
Commenting on the rate changes Market Financial Solutions chief executive Paresh Raja said: “The property market ended 2024 strongly, with house prices rising amid falling interest rates. With the Bank of England expected to cut the base rate further in 2025, we expect greater demand among property investors over the coming months, so it is the perfect time for us to help stimulate the market by reducing our rates.”
Principality Intermediaries has also announced rate changes coming into effect from 14 January.
For residential mortgages changes include for two, three and five -year fixed 65% LTV products rate cuts of up to 0.29% and for two, three and five -year fixed 75% LTV products by up to 0.30%
For residential mortgages (with cashback) two and five -year fixed 65% LTV products by up to 0.15% and two and five-year fixed 75% LTV products by up to 0.20%
For residential mortgages (new build), five -year fixed 95% LTV products by up to 0.15%
For residential mortgages (shared ownership) two and five- year fixed 95% LTV products by up to 0.17%