Market Harborough Building Society has made new year changes to its mortgage offering.
The mutual has reduced its Standard Variable Rate (SVR) by 20 basis points (bps) to 7.99%.
Addition reductions across its fixed and variable mortgage rates means residential rates are down by up to 40bps and buy-to-let rates by 20bps.
Meanwhile, the Market Harborough has made improvements to its criteria, including changing the interest stress rate across its residential solutions and lowering the minimum equity required for interest-only deals within London and the south east to £300,000.
Following the changes, the Society’s rates now start from:
• 5.29% fixed and 5.84% variable for residential tier one cases up to 75% LTV with a £1,495 product fee.
• 5.55% fixed and 6.10% variable for let tier one cases up to 75% LTV, including top-slicing and lending into retirement as standard.
Its monthly bridging finance rates now start from:
• 0.61% variable and 0.65% fixed for up to 50% LTV
• 0.67% variable and 0.71% fixed for between 50.01% – 60% LTV
• 0.73% variable and 0.77% fixed for between 60.01% – 70% LTV

Iain Smith, Market Harborough’s head of mortgage distribution, said: “Our promise to be Best for Brokers remains as firm as ever. These latest rate and criteria enhancements mean that our range of specialist lending solutions for loans up to £5m are now even more accessible to brokers and their clients.
“As always, we let our partners know about these rate reductions ahead of time.”