Bridging
MHBS adds bridging and BTL deals
Specialist lender Market Harborough Building Society (MHBS) has brought out additional fixed rate bridging and limited edition buy-to-let products.
The addition of fixed rate bridging deals is in response to broker feedback and complements the variable bridging rates it currently offers.
The deals are aimed at bridging clients looking for “certainty”.
Variable rate bridging finance starts at 0.63 per cent and fixed rate pricing begins from 0.67 per cent.
The bridging finance products are suitable for regulated and unregulated bridging and are available for a maximum term of 12 months.
Flexible bridging for high-net-worth clients is also available on terms of up to five years up to 70 per cent loan to value (LTV).
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MHBS has also added two-year fixed rate limited edition buy-to-let products that come with fee standard valuation and a fixed product fee.
Pricing begins from 6.35 per cent and is available for purchase and remortgages and cater for complex scenarios such as quirky properties and non-standard income such as foreign currency.