Market Harborough Building Society has reduced its residential larger loan rates by up to 0.26% for cases between £3m and £5m, strengthening its offer to brokers working with high-value and complex borrowers.
The specialist lender has cut its variable and 2-, 3- and 5-year fixed larger loan rates, with tier one down by 0.21%, tier two by 0.26%, and tier three by 0.11%. Standard residential rates for loans up to £3m remain unchanged.
Larger loan rates now start from 5.19% fixed and 5.24% variable for tier one cases, with a fixed product fee of £2,495.
Iain Smith (pictured), head of mortgage distribution at Market Harborough Building Society, said: “Our latest rate reductions across our larger loan range open the door for more clients looking to borrow between £3m and £5m.
“It ensures we’re well-positioned to support those borrowers with both simple and more complex circumstances, including high net worth individuals.
“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.”
Market Harborough is known for its flexible approach to both straightforward and complex mortgage cases, including those involving non-standard income, unusual property types or multiple complexities. I
ts tiered product structure allows brokers to match clients to the right solution based on case complexity, with tier one covering UK residents including self-employed borrowers, joint borrower sole proprietor, lending into retirement, second homes and simple annexes.
The specialist lender’s mortgage range caters for residential loans up to £5m, high net worth clients, expats, buy-to-let, holiday let and bridging finance.
