Market Harborough reduces rates and launches ‘Discount Now, Fix Later’ option
The new fixed rates are available on both residential and let mortgages, with 2-year fixed rates down by 0.36%, 3-year by 0.32%, and 5-year by 0.28%.
Market Harborough Building Society has cut rates across its fixed-rate mortgage range by up to 0.36% and launched a new ‘Discount Now, Fix Later’ option.
The new fixed rates are available on both residential and let mortgages, with 2-year fixed rates down by 0.36%, 3-year by 0.32%, and 5-year by 0.28%.
The new ‘Discount Now, Fix Later’ feature lets clients choose a discounted rate and then switch to a fixed rate before completion, without paying the £299 product fee for the switch.
Discounted rates start from 4.20%.
Iain Smith (pictured), head of mortgage distribution at Market Harborough, said: “Waiving the product change fee and allowing a switch from a discounted rate to a fixed rate before completion is about giving brokers and their clients more control in a fast moving market, removing cost barriers and making it easier to adapt.
“Today’s news reinforces our focus on delivering practical, award-winning solutions for a broad range of client needs, including those with more complex cases.
“As always, we’re keeping our partners fully informed every step of the way.”
Rates now start from 5.79% fixed and 5.05% discounted for residential tier one cases with a £1,495 product fee.
For residential large loan cases between £3m and £5m, rates start at 4.96% fixed and 4.20% discounted, available for a limited time.
For let tier one cases, rates start at 6.20% fixed and 5.46% discounted, with top-slicing and lending into retirement included as standard.
The reductions apply to solutions for residential borrowers, buy-to-let (BTL) investors, expat clients and high-net-worth individuals, and are available immediately.
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