Market Harborough Building Society has lowered its standard variable rate (SVR) by 0.2% to 7.99% and reduced other fixed and variable mortgage rates.
This includes reductions of 0.4% across residential product rates and 0.2% across let rates.
For residential tier one cases up to 75% loan to value (LTV) with a £1,495 fee, fixed rates start from 5.29% and variable rates from 5.84%.
Across its let tier one cases, also up to 75% LTV, including top slicing and lending into retirement as standard, fixed rates start from 5.55% and variable rates from 6.1%.
Market Harborough Building Society’s monthly bridging rates start at 0.61% variable and 0.65% fixed up to 50% LTV; between 50.01% and 60% LTV, the variable rate begins from 0.67%, and it is 0.71% for the fixed rate.
At 60.01-70% LTV, the variable monthly bridging rates begin at 0.73%, while the fixed rates start from 0.77%.
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Market Harborough Building Society has also amended its criteria, with changes to the interest stress rate for residential mortgages. Additionally, it has lowered the minimum equity required for interest-only deals in London and the South East to £300,000.
Iain Smith (pictured), head of mortgage distribution at Market Harborough Building Society, said: “Our promise to be best for brokers remains as firm as ever. These latest rate and criteria enhancements mean that our range of specialist lending solutions for loans up to £5m are now even more accessible to brokers and their clients.
“As always, we let our partners know about these rate reductions ahead of time.”
These changes follow reductions made by the mutual at the end of last year.
