MHBS to cut residential and let fixed rates

Published on

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.”

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

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Mortgage product availability surpasses 25,000 for the first time

The number of mortgage products available in the UK has reached an all-time high,...

ASG Finance launches loan for HNW investors

ASG Finance has introduced its latest funding initiative: the ‘Base Rate Beater’ secured investment...

Other news

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...