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Market Financial Solutions has launched a range of floating rate products starting at 55 basis points plus the base rate of the Bank of England.
The specialist lender says these variable products are available throughout the range in between, with loans up to 75% of the value.
The introduction of its variable rates “will provide more flexibility in its intermediate range”. the company notes.
But he adds that fixed-rate loans continue to be offered along with a new range available to new and existing customers.
The business, founded in 2006, says it specializes in handling large and complex cases, offering loans of up to £50m for three to 24 months “in just three days”.
It provides loans to borrowers with difficult backgrounds across a range of property types with early underwriting options.
Market Finance Solutions Chief Executive Officer Paresh Raja says: “Interest rates have dominated discussions in the real estate and lending sectors over the past year.
“There are many borrowers who are reluctant to settle for fixed terms, preferring a product that will track the base rate if it falls again after a series of increases from the Bank of England.”
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