Market Harborough and Principality Building Societies Cut Mortgage Rates
Market Harborough Building Society has reduced its residential larger loan mortgage rates by up to 0.26%.
- Loans between £3m and £5m: tier one variable, two-, three- and five-year rates reduced by 0.21%
- Tier two rates fallen by 0.26%
- Tier three rates lowered by 0.11%
Standard residential rates for loans up to £3m remain unchanged. The new larger loan rates start from 5.19% fixed and 5.24% variable for tier one cases, with a fixed product fee of £2,495.
Our latest rate reductions across our larger loan range open the door for more clients looking to borrow between £3m and £5m.
Iain Smith, head of mortgage distribution at Market Harborough Building Society, stated the rate reductions will support borrowers with complex circumstances, including high-net-worth individuals.
Author's summary: Market Harborough cuts larger loan mortgage rates.
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