Market Harborough Building Society is cutting its residential and let fixed rates by up to 30 basis points (bps) on Tuesday 1 October.

Its two year fixed rates will be reduced by 30bps, while three year fixed rates will be 20bps lower.

From that date, its residential rates will start from 6.24% variable and 5.44% fixed for tier one cases up to 75% LTV with a £1,495 product fee.

The Society is also reducing its SVR by 20bps to 8.19%.

Iain Smith (pictured), Market Harborough’s head of mortgage distribution, said: “Earlier this year, we launched our Best for Brokers Promise and remain committed to supporting our broker partners and their clients.

“We’re pleased to announce another reduction across our residential and let fixed rates and also bring down our SVR, a change that both new and existing customers can benefit from.”