"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 borrowers"
- Paresh Raja - Market Financial Solutions
Market Financial Solutions has launched a new 'Core Buy-to-Let' offering, with its existing BTL range becoming the 'Specialist Buy-to-Let'.
The London-based lender, founded in 2006, specialises in handling large and complex property loans at speed. Its new Core BTL range aims 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. Options include two- and three-year fixes alongside a two-year tracker product.
Core BTL products target residential properties and standard Assured Shorthold Tenancies (ASTs) only. They carry a maximum term of 25 years without rolled-up or deferred payment options, which remain available through the Specialist BTL range. Open Market Valuations (OMVs) will be used to maximise the available LTV and reduce friction in the application process.
UK Expats with a footprint, residing in EEA countries, the Channel Islands, Switzerland, the USA, Canada, Australia, or New Zealand can all access the Core BTL loans. First-time landlords are also accepted on Tier 2, though Foreign Nationals and offshore companies are excluded from the range.
Market Financial Solutions now operates across four product areas, including bridging loans, Core BTL, Specialist BTL and the Bridge Fusion range. This breadth of options caters to a wide range of property investors, landlords and developers.
"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," said Paresh Raja, chief executive officer of Market Financial Solutions (pictured). "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 borrowers."
"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."
