Market Harborough unveils new larger loan products for complex cases

Published on

Market Harborough Building Society has launched a series of limited-edition mortgage products aimed at borrowers seeking loans between £3 million and £5 million, with rates starting from 4.30%.

The complex case specialist has added four new two-year deals to its residential range: a fixed rate at 4.30% with a 2% fee; a discount rate at 4.35% with a 2% fee; a fixed rate at 4.84% with a 1% fee; and a discount rate at 4.89% with a 1% fee.

The products are designed for borrowers with non-standard income, self-employed applicants, those lending into retirement, or buyers with complex property or ownership arrangements such as joint borrower, sole proprietor.

The society will also consider up to six times income, subject to affordability.

Iain Smith

Iain Smith, head of mortgage distribution at Market Harborough Building Society, said: “Our brokers have told us they want more choice for their larger loan clients. Our new limited edition deals mean we’ve increased the range of rate/fee options to suit different needs.

“This ensures we’re well-positioned to support larger loan borrowers, including high net worth individuals. It’s all part of our promise to stay responsive, flexible and easy to do business with.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...