Market Financial Solutions has reduced rates across both its bridging and bridge fusion ranges. The specialist lender’s bridge fusion products are a hybrid of a bridging loan and a longer buy-to-let (BTL) mortgage. Introduced in June 2024, the product allows a longer term of 24 to 36 months, providing increased certainty on loans of up to £20m for residential, semi-commercial and commercial properties. The lender has also reduced rates on its fixed bridging products, including residential single loans, large loans and bridge fusion loans.

Buckinghamshire Building Society renamed its core mortgage product ranges to reflect the needs and circumstances of modern borrowers. Standard residential products are now called ‘everyday residential’, non-standard products have become ‘credit revive’, with a maximum LTV from 80% to 85%, and its impaired credit products have been renamed to ‘credit restore’.

ModaMortgages has introduced new fee-free and 3% product fee options to its limited-edition range of BTL products. The zero-fee products means that landlords have the option for no upfront costs, with the lender also offering free valuations on all property types and no application fees, while the 3% fee option gives them more choice, alongside 2.5% and 5.5% options. The new product fee options apply to both two- and five-year fixed rates at up to 75%. The products are available for a variety of landlords, including individuals, limited companies, those with small or large portfolios, first-time buyers and first-time landlords.

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