MHBS gives 48 hours’ notice of product withdrawals

Published on

After its recent commitment to intermediaries to provide as much notice as possible when withdrawing products, and a minimum of 24 hours, Market Harborough Building Society (MHBS) has confirmed its current fixed rates will be withdrawn and replaced at 5pm on Friday 23 June.

Last week the Society’s chief executive, Iain Kirkpatrick, gave his commitment that MHBS would provide a minimum notice period of 24 hours for withdrawals, without exception, and only make changes between 9am-5pm during the working week.

Kirkpatrick (pictured) stated: “In challenging times it’s more important than ever to work together. Trust and communication between us and the intermediary are key to delivering the best outcome for clients.”

The Society’s intermediary partners have been notified of the withdrawal by email, giving them 48 hours to submit any cases by 5pm Friday. MHBS has a team of mortgage specialists on hand to support those with queries or cases to submit, including business development managers, case managers and underwriters.

Latest POLL

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

Professionalism, planning and portfolio strategy: the evolution of buy-to-let

I took part in a panel session in London earlier this month with some...

FCA seeks to reduce reporting burden with overhaul of complaints data process

The Financial Conduct Authority has unveiled proposals to streamline the way firms report complaints...

The Coventry named among UK’s top firms for employee development

Coventry Building Society has once again been recognised as one of the UK’s Best...

Redwood Bank adjusts lending criteria to support landlords

Redwood Bank has announced changes to its lending criteria aimed at easing affordability constraints...

Other news

Execution-only or (Consumer) Duty of care? The FCA can’t have it both ways

Thankfully, there has been a growing amount of interest and analysis of the FCA’s...

The accessibility gap in mortgage tech — and why it matters now

In an industry built on trust and transparency, mortgage brokers can’t afford to overlook...

Professionalism, planning and portfolio strategy: the evolution of buy-to-let

I took part in a panel session in London earlier this month with some...
Advertisement