Market Financial Solutions (MFS) has reduced rates across its residential bridging and buy-to-let mortgage product ranges.

The specialist lender has reduced variable bridging rates across its fixed and variable products, impacting both residential and commercial property types.

MFS’s residential BTL rates have also been reduced across the range.

The London-based lender specialises in handling large and complex loans at pace, offering loans up to £50 million with terms between three and 24 months. 

In addition to its rate cuts, MFS recently added a new range of products that allows borrowers to choose their product fee depending on individual requirements, with flexibility to pick between a 2%, 4% or 6% fee across all four tiers of loans. 

Borrowers can also increase their loan size by using deferred interest, rolled-up interest and top-slicing. 

MFS chief executive Paresh Raja said: “We are kickstarting 2024 with new and improved rates, supporting brokers and their clients as they embark on their property investment plans for the year ahead.

“Reducing rates is just part of the picture, however. Flexibility remains equally important – we will continue to deploy various methods to enable borrowers to get their optimum loan sizes and repayment structures. 

“At MFS, we’re confident that the property market will continue to demonstrate great resilience and experience significant demand in 2024, and we’ll continue to strive to deliver the very best products and service to brokers seeking out bridging loans and BTL mortgages.”