Market Harborough halves minimum loan size across Core Bridge range
By Tara SammonsThe lower limit will benefit clients with more straightforward bridging cases
Section: Products
Market Harborough Building Society has reduced its minimum loan size from £200,000 to £100,000 across its Core Bridge range.
The change aims to give brokers greater flexibility when placing straightforward bridging finance cases, while the lender’s wider bridging offering continues to cater for more complex scenarios up to £5m.
Iain Smith, head of mortgage distribution at Market Harborough Building Society (pictured above), commented: “By reducing the minimum loan size to £100,000, we're making our Core Bridge range more accessible to a wider selection of clients who need a straightforward bridging finance solution.”
The lender’s core range is designed for more straightforward regulated bridging finance scenarios between £100,000 and £1m for clients wanting a term up to 12 months, with variable monthly rates available up to 70% LTV.
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