Market Harborough Building Society has added to its range of holiday rental solutions, including those for wealthy borrowers.
ALEX HANNAM PHOTOGRAPHY Harborough Building Society 25.04.2024 07903 169347 alex@alexhannamphotography.co.uk
The association has reduced rates to 0.60% and made further improvements.
Fixed and variable holiday rental rates, including no-fee options, have been reduced by 0.50% for Tier 1 rates, 0.50% for Tier 2 rates and 0.60% for Tier 3 rates.
Holiday rental rates now start at 6.44% for fixed rates and 5.70% discount rates for Tier 1 holiday cases with a product surcharge of £995.
In addition, the specialist lender has increased its maximum loan size from £2 million for holiday lets to £3 million and will now accept more scenarios for its cheaper Tier 2 products, including two rental units on one title.
Harborough Market head of mortgage distribution Iain Smith says: “We are always listening to feedback from brokers and have built real momentum into 2026 with a range of changes designed to make our mortgage solutions up to £5m even more accessible.”
“The current improvements to our holiday rental offering are another example of this – further reducing rates, increasing choice with a higher maximum loan size and adjusting our criteria, all to make it even easier to say ‘yes’ to complex things.”