Market Harborough Building Society (MHBS) has expanded its residential lending criteria, giving brokers higher flexibility and entry to cheaper charges for extra complex shopper eventualities.
ALEX HANNAM PHOTOGRAPHY
Harborough Building Society
25.04.2024
07903 169347
alex@alexhannamphotography.co.uk
The updates are designed to make it simpler for intermediaries to position a wider vary of instances, together with expat and complex income purposes.
Effective instantly, the modifications reply to dealer suggestions gathered through the Society’s first Lending Advisory Panel assembly, held in July 2025.
The enhanced criteria now enable income multiples of as much as 6x below tier two merchandise, topic to affordability, whereas tier three stays obtainable for instances exceeding this. Affordability assessments in tier two can now additionally embrace financial savings and complex income varieties resembling vested share income.
“These modifications are a direct results of dealer suggestions, and we’re proud to be appearing 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 greatest for brokers.”
The transfer follows Market Harborough’s latest choice to calm down residential stress testing for instances as much as £5 million, additional bettering 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 obtainable as much as £5 million throughout residential, expat, vacation let, purchase to let and bridging finance merchandise.
