Market Financial Solutions cuts rates and relaxes criteria

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Market Financial Solutions has increased the maximum loan size on its Bridge Fusion range and cut rates.

The lender has also just been added to Sesame’s panel.

Its Bridge Fusion products, which launched last year, are a hybrid between a bridging deal and a longer-term buy-to-let loan.

Prior to this change, the maximum loan size was previously £20m.

MFS has cut rates on commercial loans by between 20 and 30 bps, so that they now start from 4.99%.

Its chief executive Paresh Raja says: “We’ve started September with a bang.

“Having launched a new core buy-to-let range and then a valuation refund for bridging loans, we’ve now revamped our innovative Bridge Fusion range to allow us to cater to an increasingly large and busy commercial sector.

“We pride ourselves on reviewing every application on a case-by-case basis, enabling us to find a way of saying ‘yes’ to brokers and borrowers.

“Removing the maximum loan size and introducing a third tier to the Bridge Fusion range give us a greater chance of being able to take on a case, while reducing early repayment charges and commercial loan rates will also make the products that much more attractive to clients.”


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