Variable rates have been cut by 0.15%, two-year fixed rates by 0.05% and tier one and two monthly bridging rates by 0.01%. The society’s SVR now sits at 7.24% following a 0.15% cut.
Following the changes, the society’s rates now start from 5.1% fixed and 5.05% variable for residential tier one cases up to 75% loan to value (LTV) with a £1,495 product fee.
For BTL cases, rates start from 5.51% fixed and 5.46% variable for let tier one cases up to 75% LTV, including top slicing and lending into retirement as standard.
Market Harborough Building Society’s monthly standard bridging finance rates for loans up to £5m now start from 0.59% variable and 0.63% fixed.
The specialist lender’s limited-edition bridging finance range for more simple cases up to £1m also benefits from these reductions, with monthly rates now starting from 0.57%.
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Iain Smith, the firm’s head of mortgage distribution, said: “We’re building on a successful 2025, kick-starting 2026 with reductions across many of our mortgage rates. This ensures we’re well-positioned to support brokers with complex cases and with our award-winning bridging finance – we’ll be adding to this positive message with more great news to come.”
Last month, the society became a full member of the Intermediary Mortgage Lenders Association (IMLA).
Aspen cuts bridging costs
Aspen Bridging, meanwhile, has applied rate cuts of 60 basis points across all its deals.
Heavy refurbishment finance is now available at 0.74% per month at 80% LTV and residential and development exit deals are now priced at 0.74% per month at 75% LTV.
The lender’s no-valuation rates, including refurbishment, have dropped to 0.79% per month up to 80% LTV.
Stepped rates, which are available for all products and clients, are now from 0.35% per month.
Foreign national, semi-commercial and commercial rates have been reduced to 0.84% per month, while ground-up has been reduced to 0.79% per month.
Jack Coombs, chief operating officer at S&U PLC, the parent company of Aspen Bridging, said: “In this rapidly evolving financial market, it’s essential we remain competitive.
“These reductions, alongside our excellent customer service, will ensure we are the lender of choice for brokers representing quality UK developers and foreign national investors.”
