Market Harborough Building Society has announced changes to its lending criteria to make it easier for brokers to place clients’ cases.
The mutual says the eased criteria will help clients achieve maximum affordability.
Changes include:
- Earned income being considered up to age 75
- 100% of an applicant’s income from their second job accepted
- On sale and downsize interest-only cases, lending up to a maximum 75% LTV. Minimum equity applies.
Market Harborough specialises in providing mortgage solutions for complex cases and offers a range of products for expats, HNW individuals, buy to let and holiday let investors as well as those in need of bridging finance.
Iain Smith (pictured), head of mortgage distribution at Market Harborough Building Society, said: “We’re kicking off the summer with these enhancements so we can help even more clients, including those with challenging circumstances.
“As one of the fastest-growing building societies, our foundations are built on delivering award-winning service and solutions, alongside a commitment to doing the right things for brokers to truly be the best lender for them.
“With more developments coming soon, I welcome feedback from our brokers about how we can further enhance their experience with us.”