Market Harborough Building Society has reduced fixed mortgage rates by up to 0.20% across much of its residential range, with changes applying to loans up to £3m, including those for expat borrowers.
The move follows the lender’s recent decision to raise its loan threshold on standard residential lending from £2m to £3m, as it seeks to strengthen its offering for higher-value and more complex cases.
The reductions affect Market Harborough’s two, three and five-year fixed rates across its tiered residential lending structure. Tier one rates have been cut by 0.15%, while tier two products — typically aimed at more complex scenarios — have seen cuts of 0.20%. Fixed rate pricing for larger loans up to £5m remains unchanged.
The Society’s fixed rates for tier one cases now start from 5.04%, with variable options from 5.64%, both carrying a product fee of £1,495.
Iain Smith, head of mortgage distribution at Market Harborough Building Society, said: “We’re making these rate reductions off the back of our recent changes, which saw us raising the loan threshold across our standard residential solutions from £2m to £3m to support higher-value borrowing. The latest rate drops ensure we’re well-positioned to support clients with both simple and more complex circumstances.”
Known for its flexibility on complex applications, Market Harborough offers loans up to £5m and is active in niches such as lending on unusual properties, non-standard income and multi-faceted cases. Its tier one criteria cover more straightforward scenarios including lending into retirement, joint borrower sole proprietor applications, second homes and properties with annexes.
