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MHBS to withdraw current rates; Suffolk BS reprices products ‒ round-up

  • 10/07/2023
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MHBS to withdraw current rates; Suffolk BS reprices products ‒ round-up
Market Harborough Building Society will withdraw and replace its current rates today at 5pm, according to a broker note sent on Friday.

The lender said that it would continue to accept cases until this time and promised to offer 24 hours’ notice before temporarily taking down products.

The company added that it would only make changes to products between 9am and 5pm during the working week.


Suffolk BS withdraws and reprices deals

Suffolk Building Society is withdrawing select residential, self build and renovations, expat residential and expat buy-to-let deals.

On the residential side, its two-year discount capital and interest product at 50 per cent loan to value (LTV) at 4.69 per cent and two-year discount interest-only product at 4.99 per cent at 50 LTV have been removed.

Its two-year discount self build and renovations product at 50 per cent LTV at 5.59 per cent has been removed, along with two-year fixed expat buy-to-let product at 5.95 per cent at 50 per cent LTV.

The lender’s two-year fixed capital and interest expat residential deal at 5.65 per cent at 50 per cent and its interest-only equivalent at 5.85 per cent has been removed.

The decision in principle deadline is 5pm on 11 July, and the application deadline is 19 July.

New rates are available from today, with residential deals priced from 4.99 per cent, expat residential from 5.99 per cent, self-build and renovations from 5.79 per cent and expat buy-to-let at 6.09 per cent.

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