Market Harborough Building Society has lowered its bridging rates by up to two basis points (bps).
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
Last month the society improved its short-term range, with products available for loans up to £5m and its maximum LTV extended to 70%.
Iain Smith (pictured), Market Harborough’s head of mortgage distribution, 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.”