Here is the latest update from Market Harborough. Remember, you can access these products through our direct to lender mortgage club to get the benefits of payment on completion.
Market Harborough Building Society cuts mortgage rates and SVR
Complex case and bridging finance specialist Market Harborough Building Society has made a host of rate reductions to start the new year. This includes lowering its Standard Variable Rate (SVR) by 0.15% to 7.24% and reducing its residential and let rates by the following:
- Variable rates – by 0.15%
- Two-year fixed rates – by 0.05%
At the same time, the specialist lender has also dropped its tier one and two monthly bridging finance rates by 0.01%.
Market Harborough’s head of mortgage distribution Iain Smith said: “We’re building on a successful 2025, kickstarting 2026 with reductions across many of our mortgage rates. This ensures we’re well-positioned to support brokers with complex cases and with our award-winning bridging finance – we’ll be adding to this positive message with more great news to come.”
Following the changes, the Society’s rates now start from:
- 10% fixed and 5.05% variable for residential tier one cases up to 75% LTV with a £1,495 product fee.
- 51% fixed and 5.46% variable for let tier one cases up to 75% LTV, including top-slicing and lending into retirement as standard.
Its monthly standard bridging finance rates for loans up to £5m now start from 0.59%* variable and 0.63%* fixed.
The specialist lender’s limited edition bridging finance range for more simple cases up to £1m also benefits from these reductions, with monthly rates now starting from 0.57%*.
*Bridging finance rates are approximate with interest charged daily.
Market Harborough’s latest rate reductions are designed to benefit its key audience of residential borrowers needing up to £5m, high net worth borrowers, expats, buy to let and holiday let investors and those needing short-term lending. The Society is recognised for its flexible approach to simple and more complex mortgage cases, including clients with non-standard income, unusual property types, and those with multiple complexities.
More information about the specialist lender can be found by calling 01858 412345 or visiting http://www.mhbs.co.uk/intermediaries