MHBS launches no-fee mortgage range

Market Harborough Building Society (MHBS) has introduced a new suite of mortgages with no product fees.

The products are available across its many specialist lending areas including let, multi-generation and expat.

The specialist lender said it continues to review the needs of intermediaries and their clients.

MHBS said it has also recently updated its rates including reducing their residential fixed rates by up to 0.20%.

The Society works with intermediary partners to provide mortgage solutions for complex cases. Its intermediary team includes specialist business development managers, case managers and underwriters.

MHBS has over 29,000 savings members and 2,700 mortgage members and oversees assets more than £645m.

MHBS head of mortgage proposition Richard Saunders said: “We’re pleased to offer this new range of no-fee deals to our intermediary partners who we know are seeing growing demand from clients. Research using Twenty7tec’s Insight shows that so far this year, 9% of ESIS’ produced were for mortgages without a product fee. We’ve launched a number of options to meet the needs of those clients wanting lower upfront costs and to provide them with more choice.”

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