Market Harborough Building Society (MHBS) has cut its fixed mortgage rates by up to 0.35%.
The reduction impacts a variety of the Society’s specialist lending sectors, including expatriate, buy-to-let, and multi-generation mortgages.
Specifically, 2-year fixed rates have decreased by 0.35%, while three and five-year fixed rates have been lowered by 0.20% and 0.10% respectively.
Alongside this, MHBS has streamlined its buy-to-let mortgage options, introducing a tiered pricing system and standardising the product fee at 0.65%.
Notably, the lender has also incorporated features like top-slicing, lending into retirement, and annexes as standard offerings under its tier one solutions.
For more complex or challenging buy-to-let cases, tier two and tier three options are available.
Unlike many lenders who impose a minimum Interest Coverage Ratio (ICR), MHBS assesses affordability by taking both personal and rental income into consideration.
