The Core products are available across two tiers depending on a borrower’s risk profile and the loan they require. There are two- and three-year fixes, and a two-year tracker.

The products are for residential properties and standard assured shorthold tenancies (ASTs) only. They have a maximum term of 25 years and there is no rolled up or deferred payment options (these are available through the Specialist BTL range).

Open market valuations (OMVs) will be used to maximise the available LTV and reduce friction.

UK expats with footprint, residing in EEA countries, Channel Islands, Switzerland, USA, Canada, Australia, or New Zealand can all access the Core BTL loans, while first-time landlords are also accepted on Tier 2. Foreign nationals and offshore companies are excluded.

Commenting on the product launch Market Financial Solutions chief executive Paresh Raja said: “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 borrower.”