Market Harborough Building Society has cut its residential larger loan rates by up to 26 basis points, for cases between £3m and £5m.  

The mutual says its variable and two-, three- and five-year fixed larger loan rates have dropped by the following: 

• Tier one rates — down by 21bps

• Tier two rates — down by 26bps 

• Tier three rates — down by 11bps 

It adds that larger loan rates now start from 5.19% for fixed loans, and 5.24% for variable for tier one cases, with a fixed product fee of £2,495. 

The lender’s standard residential rates for cases up to £3m remain unchanged.  

Market Harborough’s head of mortgage distribution Iain Smith says: “Our latest rate reductions across our larger loan range opens the door for more clients looking to borrow between £3m and £5m.  

“It ensures we’re well-positioned to support those borrowers with both simple and more complex circumstances, including high-net-worth individuals.”