The firm’s Bridge Fusion offering, which is a hybrid between bridging and long-term BTL, is now at 3.09% plus BBR.

The lender’s bridging offering, now has rates starting from 0.39% plus BBR.

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Paresh Raja, CEO at MFS (pictured above), said: “The market is heating up now that the BoE has started to bring down the base rate, so now is an opportune moment for us to help maintain the momentum that is building by reducing our rates.

“With significant price reductions across our higher loan tiers, the move will help brokers find the right product for their clients. As such, we are expecting to see a further surge in demand and look forward to supporting brokers through this period.”