Market Harborough Building Society (MHBS) has launched a 3-year discount product with a low early repayment charge (ERC) to provide extra flexibility for clients.
The 3-year residential deal is available on loans between £750,000 and £2m and follows the society’s recent reduction across its fixed rates.
MHBS also provides solutions for high net worth clients and accept joint borrower sole proprietor, second homes, simple annexes under their residential tier one pricing.
Chris Thompson, national account manager at MHBS, said: “We’ve launched this new deal with a lower ERC of just 1% following feedback from our intermediary partners.
“They told us their clients are looking for the option to exit their mortgage early without facing large penalties.
“We have designed our new product with this in mind, it offers much-needed flexibility for clients in this challenging environment.”
