Positive news from MFS!
With BBR anticipated to decrease in the coming months and SWAP rates taking a gradual decline, why take a 5-year product when a 2 year will do? That’s the question many brokers will be asking themselves. The great news is our 2-year fixed or tracker BTL rates will enable BTL landlords to achieve more than most 5-year fixed rates on the market through unique affordability tools like rolled and deferred interest, meaning MFS can say yes when many affordability calculators and DIPs will say no.
To that end we’ve reduced our BTL fixed and tracker rates with immediate effect, resulting in fixed rates from 5.04% (6.24% without deferred interest) and tracker rates from 4.96% (6.94% without deferred interest).
However, that’s not all:
We’ve also reduced our Bridge Fusion pay rates. They now start from 3.09% + BBR, and bridging rates from 0.39% + BBR.
Buy to Let: Interest-Only Buy-to-Let Mortgage Rates: Current Rates | MFS (mfsuk.com)
Commercial & Semi-Commercial Term: Interest-Only Buy-to-Let Mortgage Rates: Current Rates | MFS (mfsuk.com)
Bridge/Bridge Fusion: Bridging Loan Rates: Current Fixed & Variable Rates | MFS (mfsuk.com)
To find out more about how MFS can assist with affordability challenges or any questions in relation to the above, please do not hesitate to contact myself or your local BDM.