Market Harborough increases LTV to 80% for BTL products

The LTV enhancement also applies to its residential product range.

In addition, the lender has introduced a dedicated range of tiered larger loan deals available for residential applications up to £5m.

The society’s new large loan range starts with rates from 6.29% for a five-year fixed rate and a new fixed product fee of £2,495.

Speaking about the latest enhancements, Market Harborough Building Society’s head of mortgage distribution Iain Smith (pictured above), commented: “We promised to keep listening to brokers and taking action to support them. 

“As a HNW client specialist, our new simplified larger loan deals will help brokers source deals up to £5m. 

“And our move to accept cases up to 80% LTV provides them with further flexibility across our residential and BTL ranges.”