Market Harborough Building Society is set to introduce a series of rate reductions across many of its mortgage products, effective from 1st July.
From tomorrow, the society will lower its Standard Variable Rate (SVR) by 0.20% to 7.59%.
At the same time, the specialist lender will also reduce its residential and let mortgage rates, including those for expats.
As part of the changes, all variable rates will be cut by up to 0.45% and all 3-year fixed rates will be reduced by up to 0.15%.
In addition, all tier two fixed rates within its UK residential up to £3m range will see cuts of up to 0.15%, while all fixed rates within the society’s larger loan range for cases up to £5m will be reduced by up to 0.15%.
Iain Smith, head of mortgage distribution at Market Harborough, said: “As the Base Rate continues to drop, we’re proud to pass on a reduction in our SVR to existing borrowers.
“And we’re going even further by significantly lowering our new business rates, opening the door for more clients, especially those seeking the flexibility of a variable rate or with complex circumstances.
“It will help us support even more clients, including expats, landlords, those with non-standard income, quirky properties or looking for a larger loan up to £5m.
“We’re always listening to broker feedback, and these cuts are part of our promise to stay responsive, flexible, and easy to do business with.”
