Market Harborough Building Society has reduced its monthly short-term rates by up to 0.02%.

The specialist lender’s bridging finance rates now start from 0.62% variable and 0.66% fixed for up to 50% LTV. Also, 0.68% variable and 0.72% fixed for between 50.01% – 60% LTV; and 0.74% variable and 0.78% fixed for between 60.01% – 70% LTV.

Rates are approximate with interest charged daily.

Commenting on the changes Market Harborough’s head of mortgage distribution Iain Smith said: “We’re listening to the needs of our broker partners and are delighted to reduce our monthly bridging finance rates.

“This, teamed with the enhancements that we made at the beginning of September, means that our short-term finance is now even more accessible to our partners and their clients.”

Principality is reducing rates on 7 October on a number of products.

For residential mortgages, for selected two, three and five-year fixed 65% LTV products there are cuts up to 0.08%. For selected two, three and five-year fixed 75% LTV products by up to 0.11% and for three-year fixed 80% LTV product by 0.08%.

For buy to let mortgages, the lender’s five- year fixed 60% LTV mortgage has been cut by  0.10%.

On residential cashback mortgages, Principality is reducing its five- year fixed 65% LTV product by 0.08% and its two and five-year fixed 75% LTV products by up to 0.10%.

The lender is increasing some rates too. For residential mortgages, two and five year fixed 80% LTV products without a fee are rising by up to 0.05%; and two and five-year fixed 80% LTV JBSP products by up to 0.05%.

For buy to let mortgages, selected five- year fixed 70% LTV and 75% LTV products are both rising by 0.05%.