Market Harborough Building Society (MHBS) has expanded its residential lending criteria, giving brokers higher flexibility and entry to cheaper charges for extra complex shopper situations.
The updates are designed to make it simpler for intermediaries to put a wider vary of circumstances, together with expat and complex income functions.
Effective instantly, the adjustments reply to dealer suggestions gathered throughout the Society’s first Lending Advisory Panel assembly, held in July 2025.
The enhanced criteria now permit income multiples of as much as 6x beneath tier two merchandise, topic to affordability, whereas tier three stays out there for circumstances exceeding this. Affordability assessments in tier two can now additionally embody financial savings and complex income varieties akin to vested share income.
“These adjustments are a direct results of dealer suggestions, and we’re proud to be performing on it shortly,” stated Iain Smith, head of mortgage distribution at Market Harborough Building Society. “Expanding our tier two criteria means extra purchasers can profit from higher charges, together with expats and these with complex income. This displays our ongoing dedication to being finest for brokers.”
The transfer follows Market Harborough’s latest resolution to loosen up residential stress testing for circumstances as much as £5 million, additional enhancing affordability and borrowing potential for a wider pool of debtors.
MHBS has a tiered lending construction to accommodate non-standard income, a number of income sources, and uncommon property varieties. Lending is out there as much as £5 million throughout residential, expat, vacation let, purchase to let and bridging finance merchandise.
