Market Harborough increases maximum residential loan sizes

Market Harborough Building Society has announced criteria enhancements to its range of mortgages that are available from £200,000 to £5m.

From today it has increased the maximum loan size on its residential solutions to £3m, with a fixed product fee of £1,495 - so that more clients benefit from its lower residential rates. Its larger loan solutions are now available for cases from £3m - £5m.

The Society has also extended the maximum loan size for expats on its standard range from £2m to £3m, including making no fee options available. 

Market Harborough offers loans up to £5m, with its standard residential range between £200,000 and £3m, and larger loan solutions for clients looking to borrow between £3m and £5m. Its larger loan range benefits from a fixed product fee of £2,495, with the lowest tier including lending into retirement, joint borrower sole proprietor, second homes and simple annexe applications as standard.

The specialist lender caters for those with more complex circumstances and offers a range of flexible solutions including residential, large loans, buy-to-let and holiday let, expats and bridging finance scenarios.

Market Harborough’s head of mortgage distribution, Iain Smith, said: “We’re delighted to make our residential solutions even more accessible with these changes. UK clients looking for a solution between £2m and £3m will now benefit from cheaper rates and a lower, fixed product fee, and we can now help even more expat clients at our lower rates by offering them our standard expat range up to £3m."