Market Harborough Building Society has expanded its regulated bridging lending into Scotland, broadening access to its specialist short-term finance proposition for brokers north of the border.
The society said it will now lend on properties in central Scotland, marking a further step in the development of its specialist lending strategy and responding to growing broker demand for flexible, relationship-led bridging solutions.
Market Harborough has built a reputation in England and Wales for its regulated bridging finance, underpinned by common-sense underwriting and direct access to decision-makers. The society said the same approach will apply in Scotland, with cases assessed individually rather than through automated scoring.
The bridging proposition is aimed at brokers supporting clients with more complex needs, including those with non-standard or multiple income sources, unusual property types, joint borrower sole proprietor and multi-generation structures, borrowing into retirement and cases involving multiple layers of complexity.
In Scotland, the society will offer regulated bridging finance alongside residential lending, with loan sizes from £200,000 to £5 million and a maximum 80% loan-to-value.
Up to four applicants or incomes can be considered, with pricing structured across a tiered range that reflects overall case complexity.
Iain Kirkpatrick (pictured), chief executive at the society, says: “Brokers, including those based in Scotland, have consistently told us they want more choice, flexibility and more lenders who take the time to understand complex cases.
“Expanding our regulated bridging lending into Scotland is a natural next step for us, particularly as demand for short-term finance continues to grow in more nuanced scenarios.
“We’re excited to support Scottish brokers and their clients with the same expertise, personal service and people-first approach we’re known for across England and Wales.”
To support the Scottish launch, the society has introduced dedicated business development manager support, alongside guidance tailored to brokers operating in the region.
It continues to operate a daily credit committee, with brokers able to speak directly to underwriters throughout the life of a case.
