Market Harborough reduces mortgage rates by up to 0.25%

Market Harborough Building Society has reduced residential and buy-to-let fixed rates by up to 0.25%.

Its two-year fixed rates are now 0.25% lower, whilst its three-year fixed rates have reduced by 0.10%. 

The specialist lender’s residential rates for cases up to £2m now start from 5.19% fixed and 5.64% variable for tier one cases up to 75% LTV with a £1,495 product fee. 

Its buy-to-let rates now start from 5.45% fixed and 5.90% variable for tier one cases up to 75% LTV, including top-slicing and lending into retirement as standard. 

The news comes after the specialist lender made a series of enhancements to its residential and buy-to-let variable and five-year fixed rate products last month.

This included launching a new two-year variable rate product range across its residential and buy-to-let solutions, with an ERC of 2% in year one and 1% in year two, and enhancing its five-year fixed rate products with updated ERCs.

Market Harborough’s head of mortgage distribution, Iain Smith, said: “Off the back of another strong financial year and our recent criteria enhancements, we’re pleased to announce this reduction across our residential and let fixed rates. Our promise to be Best for Brokers remains as firm as ever and, as always, we let our partners know about this product withdrawal ahead of time.”