Market Harborough Building Society has reduced rates across its core bridging finance range by up to 0.12% and streamlined the offer into two bands up to 70% LTV, allowing more clients to benefit from lower pricing.
From today, monthly rates for the specialist lender’s core bridging finance range start from approximately 0.53% variable for cases up to 60% LTV and 0.57% variable for cases between 60.01% and 70% LTV, with interest charged daily.
*Rates are approximate with interest charged daily.
Iain Smith, head of mortgage distribution at Market Harborough, commented: “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.”
The specialist lender’s core range is designed for more straightforward regulated bridging finance scenarios between £200,000 and £1m for clients seeking a 12-month term. The proposition includes a £95 application fee and variable monthly rates available up to 70% LTV, providing borrowers with a competitively priced option for shorter-term funding needs.
Alongside the core range, Market Harborough also offers a standard bridging finance proposition for loans of up to £5m, catering for more complex cases including quirky properties, unusual exit strategies and other specialist borrowing requirements.
