Market Financial Solutions (MFS) has reduced rates across a number of products.

The lender has cut rates on its Bridge Fusion range, which was introduced in June 2024.

The BTL product allows for a longer term of 24 to 36 months for increased certainty on loans up to £20m.

It has also reduced rates on its commercial BTL products at the same time as expanding the maximum loan term up to ten years and upping the maximum loan size from £1.5m to £2m.

In the large bridge fusion range category, residential rates have fallen to 6.50%, while semi and full commercial rates have been lowered to 6.95%.

For its residential BTL mortgages, the lender is now offering a maximum loan term of 10 years.

Meanwhile, rates have been cut across standard residential loans to 5.25%, while standard semi and full-commercial product rates have been reduced to 5.50%.

MFS chief executive officer Paresh Raja says: “We are excited to make reductions across various product ranges.”

“At MFS, we are always keen to seize any opportunity to improve our products and ensure we’re offering the best possible options to brokers and borrowers, particularly as we are expecting a busy second half to 2024.”