MHBS cuts fixed rates by up to 75bps

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Specialist lender Market Harborough Building Society (MHBS) has cut rates across its range of fixed rate mortgages.

All five-year fixed residential and buy-to-let products are now 0.75 percentage points lower.

Two and three-year fixed rates have been reduced by 0.70 percentage points.

MHBS specialises in providing purchase and remortgage solutions for complex cases including unusual property types and non-standard income. It offers a range of products for expats, HNW individuals, buy to let and holiday let investors and those in need of bridging finance.

Richard Saunders, head of sales at MHBS, said: “Since the base rate was raised by the Bank of England earlier this month, we have reviewed our products and updated our pricing to reflect a more stable fixed rate environment.

“Passing on the lower cost of fixing to our customers means we are in a better position to help clients with complex circumstances who want the security of a fixed monthly payment.”

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