Market Harborough Building Society has made two key changes to its product range, introducing a range of tiered larger loan deals and extending its loan-to-value (LTV) limit.
The introduction of the tiered larger loan deals means that the society can now consider residential applications up to £5m.
It starts with rates from 6.29% for a 5-year fixed rate and a new fixed product fee of £2,495.
In addition, its extended LTV means that it can now accept residential and buy-to-let cases up to 80% LTV, on loans up to £2m.
Iain Smith, head of mortgage distribution, said: “We promised to keep listening to brokers and taking action to support them.
“As a high net worth client specialist, our new simplified larger loan deals will help brokers source deals up to £5m.
“And our move to accept cases up to 80% LTV provides them with further flexibility across our residential and let ranges.”
He added: “Our tiered products are priced based on the level of case complexity and are designed to help brokers easily find the right product and price for their clients, including those with more challenging circumstances.”
