Cambridge & Counties Bank has launched a limited period five-year fixed rate mortgage for residential landlords while Market Financial Solutions has added a bridge fusion product and reduced rates across its bridging range.

The five-year fix from Cambridge & Counties Bank has rates available from 6.49% depending on the arrangement fee paid, with loan-to-value (LTV) rates up to 75%.

The minimum loan value on the new product is £750k.

The specialist lender’s head of real estate finance Jayne Follows says: “While we offer competitive fixed rates on commercial and residential products, this is the first time we’ve published a limited period fixed rate targeting residential landlords.”

“One benefit is it can mean rental income grows relative to borrowing costs, which are fixed for a set amount of time.”

Meanwhile, Market Financial Solutions’ (MFS) new product is a hybrid of a bridging loan and a longer-term buy-to-let (BTL) mortgage.

It is a two-year tracker loan with an annual interest rate and the option to extend the loan for a third year.

The bridge fusion product pay rates start from 3.55% +BBR (pa), with an LTV of up to 75% and maximum loan size of £20m.

Fusion is available on commercial, mixed use and residential properties.

In addition, rates on the core bridging range have been reduced by as much as 11 basis points.

MFS chief executive officer Paresh Raja comments: “Optionality has become a keen focus for MFS in recent years. We’re continuing to expand our offering across both our bridging and BTL mortgage ranges, as well as reducing rates across the board, giving brokers and their clients much-needed choice as they seek the right product for their needs.”