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Market Harborough Building Society

The Society was established in the South Leicestershire town of Market Harborough in 1870 and has built upon its success over the years to improve and develop the services it provides, it now has assets of over £400m. There are 50,000 savings customers and 9,000 mortgage customers from across the UK who use high street branches, online and postal services to operate their accounts. The main office is still located in The Square, Market Harborough and six other branches are situated in the Midlands region, employing local people to provide quality products and advice.

On all of the mortgage products offered by the Market Harborough Building Society interest is calculated daily, this means that every time you make a payment your loan amount is reduced and could mean that your mortgage is paid off earlier. Overpayments of up to 10% are allowed in every calendar year but full repayment or partial payments over 10% will incur a penalty fee. If you move home within an offer period you may be able to take your mortgage with you and some products allow payment holidays, overpayments and underpayments throughout the period of the loan. Ask your mortgage advisor about these features.

There are Fixed rate, Tracker, Discount and Standard Variable Rate mortgages available for new buyers and existing home owners. Buy to let investors have a choice of discounted or fixed rate mortgages and there is an equity release product available for retired customers.

Market Harborough Building Society Mortgage Products

Fixed Rate mortgages: You can borrow up to 85% of the value of your home with a fixed rate mortgage - you must be borrowing a minimum of £50,000 and a maximum of £350,000. If you like the security of knowing exactly how much your mortgage payments will be or if you believe that Bank of England Rates may rise then a fixed rate product may be suitable. At the end of the agreed discount term you will change to the Society's Standard Variable Rate. Help with legal fees may be available.

Tracker Rate mortgages: You will be able to take advantage of a discount from the Society's Standard Variable Rate (SVR) for a two year period. Your monthly mortgage payments may rise or fall but the discount amount will remain the same. The SVR may not be dependent upon the Bank Of England Base Rate.

Buy to Let mortgages: You can apply for a discount or fixed rate product when investing in a buy to let product. You can borrow up to 75% of the property value but the minimum loan is £50,000. Early repayment charges will apply during the fixed or discount period.

If you are interested in a mortgage quotation including those offered by Market Harborough Building Society please complete our quick enquiry form.