Market Harborough enhances fixed and variable rate mortgage products  

Market Harborough Building Society has made a series of enhancements to its residential and buy-to-let variable and five-year fixed rate products.

The news comes after the specialist lender made a reduction to its SVR of 0.20% in March. Earlier this year, Market Harborough also enhanced its criteria following broker feedback, including amending the interest stress rate across its residential solutions and lowering the minimum equity required for interest-only deals within London and the south east to £300,000.

Today, the Society has launched new two-year variable rate products across its residential and buy-to-let ranges, with an ERC of 2% in year one and 1% in year two.

The lender has also enhanced its five-year fixed rate products with updated ERCs.

Market Harborough’s head of mortgage distribution, Iain Smith, said: “Off the back of us announcing another strong financial year in 2024, we’ve made some enhancements to our product offering. After listening to feedback from our brokers, these latest changes mean that our range of specialist lending solutions for loans up to £5m are now even more accessible for clients wanting the flexibility of a variable rate deal or lower early repayment charges.

“Our promise to be Best for Brokers remains as firm as ever, and we’re always looking for ways to make it even easier for brokers to place their cases. We’re continuing to adapt and shape our product offering to suit the changing needs of clients in the current economic environment.”