Market Harborough Building Society (MHBS) will cut its SVR and several of its mortgage rates from 1st July.
This will see the SVR fall by 20bps to 7.59%, with other cuts ranging from 15bps to 45bps.
From 1st July, the building society’s BTL rates will fall to 5.4% for fixed and 5.75% for variable cases at up to 75% LTV.
Cuts are also being made to several of the firm’s residential mortgage products.
“As the base rate continues to drop, we’re proud to pass on a reduction in our SVR to existing borrowers,” said Iain Smith, head of mortgage distribution at MHBS (pictured above).
“And we’re going even further by significantly lowering our new business rates, opening the door for more clients, especially those seeking the flexibility of a variable rate or with complex circumstances.
“It will help us support even more clients, including expats, landlords, those with non-standard income, quirky properties, or looking for a larger loan up to £5m.”
