Market Harborough launches new bridging and buy-to-let products

Limited edition buy-to-let rates and fixed bridging rates are among the new products.

Related topics:  Mortgages,  Specialist Lending
Rozi Jones | Editor, Barcadia Media Limited
27th October 2023
MHBS Market Harborough

Market Harborough Building Society (MHBS) has added a series of new products to its range, including fixed rate bridging finance options.

MHBS has responded to requests from its intermediaries and added a range of fixed rate bridging finance products to the variable bridging rates it already offers.

The Society’s variable rate bridging finance now starts at 0.63% and fixed rates from 0.67%. The Society's bridging finance is suitable for a range of scenarios, including regulated and unregulated bridging and is available for a maximum term of 12 months.

MHBS also offers flexible bridging finance for high net worth clients, with terms of up to five-years available and up to 70% LTV.

In addition, the Society has introduced new limited edition two-year fixed rate buy-to-let deals that include a free standard valuation and come with a fixed product fee. The new product rates start from 6.35%, are available for both purchase and remortgage, and cater for a variety of more complex scenarios including quirky properties and non-standard income, such as foreign currency.

The latest changes follow MHBS announcing simplifications to its buy-to-let range with top-slicing, lending into retirement and annexes available as standard under its tier one pricing, alongside no minimum ICR.

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