Bridge finance specialist Market Harborough Building Society has made a number of changes for the start of the new year. This includes reducing the standard variable rate (SVR) by 0.20% to 7.99%, and further reductions across fixed and variable rate home loans, up to 0.40% for home loans and 0.20% for home loans. % decrease.
Market Harborough has also strengthened its standards, including amending interest rate stress rates across its housing solutions and lowering the minimum capital required for interest-only trading within London and the South East to £300,000. 
Commenting on the changes, Ian Smith, Head of Mortgage Distribution at Market Harborough, said: “These latest interest rate and standards enhancements mean our range of specialist lending solutions for loans up to £5m is now even more accessible to brokers and their customers.” As always. , we let our partners know in advance about these rate reductions. ”
Following the changes, association rates will start at a fixed 5.29% and variable 5.84% for residential Tier 1 cases, up to 75% LTV with a product charge of £1,495.
Additionally, for Tier 1 cases, the standard is 5.55% fixed and 6.10% variable for LTV up to 75%, including top slicing and financing until retirement.
Monthly bridge finance interest rates start from: LTV 0.61% variable up to 50%, fixed 0.65% LTV 50.01% to 60%, variable 0.67%, fixed 0.71% LTV 60.01% to 70%, variable 0.73%, fixed 0.77% % LTV.
