Market Harborough Building Society has enhanced its bridging finance with three enhancements to provide brokers and clients with greater value, flexibility and choice.
It has reduced monthly bridging rates by 0.01% and increased its maximum loan size to £5m on its existing tier one and two bridging range, making it available to a wider audience.
The Society has also launched a new limited edition range for simple cases. These new fixed and variable rate products are designed especially for clients with straightforward, regulated bridging finance applications up to £1m, such as chain break scenarios. Rates start at 0.58% variable, with an application fee of £95 and maximum 70% LTV.
Market Harborough's standard bridging finance range caters for more complex scenarios and is priced based on case complexity, with tier one rates starting from 0.60% variable and 0.64% fixed, up to 50% LTV.
Iain Smith (pictured), head of mortgage distribution, said: “These changes strengthen our bridging finance proposition so we can help even more clients. By lowering rates and increasing our maximum loan size, we’re giving brokers more options to support a broad range of client needs, from high-value cases to simpler, regulated transactions.
"The introduction of our limited edition range also reflects our commitment to innovation and agility in a fast-moving market. We’re here to make complex cases simpler and straightforward deals even more accessible.”
