Market Harborough Building Society has relaxed its holiday let criteria and streamlined its residential range.
The mutual says it has introduced a third tier to its expat and holiday let ranges, which caters to more complex cases, including:
- Properties with six or more bedrooms
- Some commercial elements
- Properties with restricted use clauses
The lender has also simplified its residential range for cases up to £2m and applied its existing tiered approach, priced on complexity.
The residential range has a set product fee of £1,495 and now accepts multi-generation scenarios as standard under tier one.
The firm’s revamp also includes UK buy-to-let cases over £1m becoming part of its lower rate tier two range.
MHBS head of distribution Iain Smith says: “Our broker partners told us they liked our tiered structure to help them select the right product for their clients’ more complex cases.
“We’re happy to broaden this approach and to simplify our residential range at the same time.”
