Specialist lender Market Harborough Building Society (MHBS) has introduced a series of new products to its range, including fixed rate bridging finance options.
MHBS has responded to requests from its intermediaries and added a range of fixed rate bridging finance products to the variable bridging rates it already offers. The latest products are designed for bridging clients looking for the certainty that a fixed rate can provide.
The Society’s variable rate bridging finance now starts at 0.63% and fixed rates are from 0.67%. Its bridging finance is suitable for a range of scenarios, including regulated and unregulated bridging and is available for a maximum term of 12 months.
It also offers flexible bridging finance for high net worth clients, with terms of up to five-years available and up to 70% LTV.
In addition, MHBS has introduced new two-year fixed rate 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 and cater for a variety of more complex scenarios including quirky properties and non-standard income, such as foreign currency.
This news comes soon after MHBS announced simplifications to their buy to let range with top-slicing, lending into retirement and annexes available as standard under their tier one pricing. There is no minimum ICR.
