Market Financial Solutions has launched a brand new Core Buy-to-Let providing, with its current BTL range turning into the Specialist Buy-to-Let.
The Core merchandise can be found throughout two tiers relying on a borrower’s danger profile and the mortgage they require. There are two- and three-year fixes, and a two-year tracker.
The merchandise are for residential properties and commonplace assured shorthold tenancies (ASTs) solely. They have a most time period of 25 years and there’s no rolled up or deferred fee choices (these can be found by way of the Specialist BTL range).
Open market valuations (OMVs) shall be used to maximise the obtainable LTV and scale back friction.
UK expats with footprint, residing in EEA international locations, Channel Islands, Switzerland, USA, Canada, Australia, or New Zealand can all entry the Core BTL loans, whereas first-time landlords are additionally accepted on Tier 2. Foreign nationals and offshore corporations are excluded.
Commenting on the product launch Market Financial Solutions chief govt Paresh Raja mentioned: “The launch of the Core BTL range is one other necessary step for us; the Core merchandise are all about simplicity and ease-of-access for landlords, and they’ll completely complement the Specialist BTL range, which is there to cater to all varieties of BTL borrower.”
