Market Harborough launches limited edition larger loan mortgages

Market Harborough Building Society has added launched four new limited edition mortgage deals for cases between £3m and £5m, with rates starting from 4.30%. 

Two-year fixed rates are available from 4.30% with a 2% product fee or 4.84% with a 1% fee, while two-year discounted rates have launched at 4.35% with a 2% fee and 4.89% with a 1% fee.

These deals cater for a range scenarios, including non-standard income, self-employed, lending into retirement, complex properties, joint borrower, sole proprietor and more. Up to 6x income is also considered, subject to affordability.

This follows the lender’s recent announcement that it has reduced all fixed and variable rates across its standard UK residential larger loan range by up to 0.26%.

Market Harborough's tiered product structure allows brokers to match clients to the right solution based on case complexity, with the lowest residential larger loan tier for UK residents including self-employed, lending into retirement, joint borrower sole proprietor, second homes and simple annexe applications as standard. 

The specialist lender’s range of mortgages cater for residential scenarios up to £5m, high net worth borrowers, expats, buy-to-let, holiday let and bridging finance.

Market Harborough’s head of mortgage distribution, Iain Smith, said: “Our brokers have told us they want more choice for their larger loan clients. Our new limited edition deals mean we’ve increased the range of rate/fee options to suit different needs. This ensures we’re well-positioned to support larger loan borrowers, including high net worth individuals. It’s all part of our promise to stay responsive, flexible and easy to do business with.”