MHBS cuts fixed rates by up to 75bps

Published on

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.”

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 Darlington trims mortgage rates by up to 20bps

Darlington Building Society has reduced selected rates across its residential, specialist residential, shared ownership,...

Brokers review sourcing technology as demand grows for connected systems

Mortgage brokers are increasingly reassessing their technology stacks, with sourcing systems emerging as the...

Rosemount expands internship programme with two Cardiff Business School students

Rosemount Financial Solutions (IFA) has welcomed two new interns from Cardiff Business School as...

West Brom cuts shared ownership mortgage rates

West Brom Building Society has reduced selected shared ownership mortgage rates by up to...

House prices edge lower again in May, Halifax says

UK house prices were broadly unchanged in May, with Halifax reporting a second consecutive...

Latest publication

Other news

The Darlington trims mortgage rates by up to 20bps

Darlington Building Society has reduced selected rates across its residential, specialist residential, shared ownership,...

Brokers review sourcing technology as demand grows for connected systems

Mortgage brokers are increasingly reassessing their technology stacks, with sourcing systems emerging as the...

Rosemount expands internship programme with two Cardiff Business School students

Rosemount Financial Solutions (IFA) has welcomed two new interns from Cardiff Business School as...