Market Harborough Building Society has introduced larger loan deals and extended its loan-to-value offers.  

The mutual has launched a dedicated range of tiered larger loan deals for residential applications up to £5m.   

Its new large loan range starts with rates at 6.29% for five-year fixes, with a £2,495 product fee.  

The firm will also extend its LTV range to accept residential and buy-to-let cases up to 80% LTV, on loans up to £2m.  

Market Harborough Building Society head of mortgage distribution Iain Smith says: “As a high net worth 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 let ranges.  

“Our tiered products are priced based on the level of case complexity and are designed to help brokers easily find the right product and price for their clients, including those with more challenging circumstances.”  

Earlier this month, the business loosened its lending criteria to accept applications from those with earned income up to age 75 and will consider all of an applicant’s income from their second job.  

Also, on sale and downsize interest-only cases, it will lend up to a maximum of 75% LTV. Minimum equity applies.