It now offers fixed rate bridging finance products
Specialist lender Market Harborough Building Society (MHBS) has announced the launch of new products, including fixed rate bridging finance and buy-to-let options.
In response to intermediary feedback, the mutual has added a range of fixed rate bridging finance products to the variable bridging rates that it already offers.
Market Harborough’s variable rate bridging finance starts at 0.63%, while fixed rates are from 0.67%.
Their bridging finance, the lender said, was suitable for a range of scenarios, including regulated and unregulated bridging, and was available for a maximum term of 12 months. They also offer flexible bridging finance for high-net-worth clients, with terms of up to five years, and available up to 70% loan-to-value (LTV).
Intermediaries, our bridging solutions cater for a variety of scenarios, including:— Market Harborough BS (@MarketHarbBS) October 25, 2023
- Bridging for various uses – not only chain breaks
- Any type of residential property considered as security
- A range of exit strategies
- And much more
👉Visit - https://t.co/ByKKixaB4E pic.twitter.com/mEI5ZoPh1c
MHBS has also introduced new two-year fixed rate buy-to-let deals that include a free standard valuation and come with a fixed product fee. These new products, with rates from 6.35%, are available for both purchases and remortgages.
This follows MHBS’ announced simplifications to its buy-to-let range with top-slicing, lending into retirement, and annexes available as standard under its tier one pricing.
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