The products are available for purchase or remortgage and the mutual said they were created to be suitable for professionals and high net worth clients.
Rates begin from 5.99 per cent for a lifetime discounted rate product with a 0.35 per cent product fee and £95 application fee. There are both fixed and variable rates available on two, three and five-year terms.
The two-year fix has a rate of 7.29 per cent, the three-year fix is priced at 7.09 per cent and the five-year fix is at 6.64 per cent.
The products are available up to 75 per cent loan to value (LTV) and the lender will consider complex property types and income.
The new products will sit alongside the lender’s existing large loan products which are available for amounts up to £1,999,999 where rates begin at 5.29 per cent for a three-year discounted product with a 0.35 per cent fee.
Richard Saunders (pictured), head of sales at MHBS, said: “We’re looking for opportunities to make things easier for intermediaries and their clients, especially during this challenging period for the mortgage market where good news can be hard to find.
“We’ve listened to feedback from our partners needing bespoke larger loans for cases with an element of complexity to develop this range.”
