Market Harborough Building Society has launched a new range of discounted holiday let products.

Available at up to 75 per cent LTV, the five-year discounted mortgages secured via a simple application have an initial rate of 3.49 per cent and those with complex applications have an initial rate of 4.24 per cent.

The minimum loan is set at £200,000 and the maximum at £3m. There is an interest cover ratio of 145 per cent, too.

The lender allows applications from expats and borrowers with no prior letting experience and regarding properties intended for AirBnB use as well as multi-unit properties and those with a large acreage.

MHBS new business lead Tina Long says: “We’re excited to launch this range which delivers straightforward pricing and processing to holiday let cases during this busy period for intermediaries.

“We’re really proud that our personal, tailored approach means we can consider intermediaries’ more challenging cases, such as those outside of standard affordability and those where no main residence is involved.”