The new product is available on loans between £750,000 and £2 million
Market Harborough Building Society (MHBS) has launched a new three-year discount product with a low early repayment charge (ERC).
The new three-year residential deal is available on loans between £750,000 and £2 million.
“We’ve launched this new deal with a lower ERC of just 1% following feedback from our intermediary partners,” stated Chris Thompson (pictured), national account manager at Market Harborough Building Society. “They told us their clients are looking for the option to exit their mortgage early without facing large penalties.
“We have designed our new product with this in mind, it offers much-needed flexibility for clients in this challenging environment.”
The introduction of the new product follows the mutual’s recent announcement of a reduction across its fixed rates.
MHBS said it also provided solutions for high-net-worth clients and accepted joint borrower sole proprietor, second homes, simple annexes, among others, under its residential tier one pricing.
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