Market Harborough Building Society reduces bridging loan rates

By Bridging Loan Directory 4th October 2024

Bridging finance and complex case expert Market Harborough Building Society has reduced its monthly short-term rates by up to 0.02%.

The specialist lender’s bridging finance rates now start from:

0.62% variable* and 0.66% fixed* for up to 50% LTV
0.68% variable* and 0.72% fixed* for between 50.01% – 60% LTV
0.74% variable* and 0.78% fixed* for between 60.01% – 70% LTV

*Rates are approximate with interest charged daily.

This news comes after the award-winning lender announced last month that it had enhanced its short-term range, with products available for loans up to £5m and its maximum loan to value (LTV) extended to 70%.

Speaking about the latest bridging finance changes, Market Harborough’s Head of Mortgage Distribution Iain Smith said:

“We’re listening to the needs of our broker partners and are delighted to reduce our monthly bridging finance rates.

This, teamed with the enhancements that we made at the beginning of September, means that our short-term finance is now even more accessible to our partners and their clients.”