Market Harborough Building Society reduces fixed mortgage rates

Market Harborough Building Society (MHBS) has introduced a decrease in its fixed rates for residential and let mortgages by up to 0.20%, effective from today (Tuesday 2nd April).

The adjustments see a 0.20% cut in their two and three-year fixed rates, while their 5-year fixed rates have been lowered by 0.15% across a range of specialist lending products, which includes expat, let, holiday let, and multi-generation mortgages.

New residential rates offered by MHBS now start at 6.40% variable and 5.45% fixed for three years, applicable up to 60% loan-to-value (LTV) with a product fee of £995. Their products are structured in tiers that reflect the complexity of the lending situation, with the simplest tier catering to scenarios such as lending into retirement, joint borrower sole proprietor mortgages, second homes, and annex applications.

Recognised as one of the UK’s fastest-growing societies, MHBS has a particular focus on complex mortgage cases. Their Feefo Platinum Trusted Service award-winning team is noted for providing flexible purchase and remortgage solutions that cater to brokers and clients seeking loan amounts ranging from £200k to £3.5m.

In addition to the rate reductions, MHBS has also improved its product switch process for brokers, streamlining the steps required to complete client switches and offering a 0.30% procuration fee for both residential and let cases.