Market Harborough Building Society has reduced rates across its core bridging finance range by up to 12 basis points.
The specialist lender has also simplified the range into two loan-to-value bands up to 70% LTV.
Monthly rates now start at 0.53% variable for cases up to 60% LTV, and 0.57% variable for cases between 60.01% and 70% LTV.
Market Harborough said rates are approximate, with interest charged daily.
The core range is aimed at more straightforward regulated bridging finance cases between £200,000 and £1 million, for clients seeking a 12-month term.
It includes a £95 application fee, with variable monthly rates available up to 70% LTV.
The building society also offers a standard bridging finance range for cases up to £5 million, including more complex scenarios such as unusual properties and exit strategies.
Iain Smith (pictured), head of mortgage distribution at Market Harborough, says: “We’ve sharpened our core bridging finance range, making it more accessible and even more competitive.
“It’s part of our continued commitment to delivering value for brokers and their clients, supported by award-winning service from our dedicated bridging finance team.”
