Market Harborough Building Society (MHBS) has unveiled a reduction in its residential and let fixed rates by 20 basis points (bps).

The Society’s two and three-year fixed rates have decreased by 20bps while its five-year fixed rates are now 15bps lower across their specialist lending range, including expat, let, holiday let and multi-generation.

Residential rates now start from 6.40% variable and 5.45% fixed for three years, up to 60% LTV with a £995 product fee. The range is tiered based on complexity, with the lowest tier including lending into retirement, joint borrower sole proprietor, second homes and simple annexe applications.

The Society specialises in complex cases, including those with multiple complexities. It provides flexible purchase and remortgage solutions to support broker partners and their clients looking to borrow between £200k and £3.5m.

MHBS also recently announced enhancements to its product switch process for brokers, with simple steps to complete clients’ switches and paying a 0.30% procuration fee for both residential and let cases.