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The Market Harborough Building Society

The Market Harborough Building Society
The Market Harborough Building Society

Market Harborough Building Society was established in the south Leicestershire town of the same name in 1870.

Today it has assets exceeding £350m, nearly 50,000 investment accounts and in excess of 6,500 mortgage customers.

The society has grown steadily and prudently across the last 135 years.

It aims to provide a personal service which is both flexible and efficient.

Market Harborough mortgage products are available for properties in England, Scotland and Wales.

Market Harborough offers the following types of mortgage:

  • Fixed rate
  • Discount rate
  • Tracker
  • Flexible – Your Choice

The Market Harborough Building Society Mortgage Products
   

There are two different fixed rate mortgages. Both are 2 year fixed rate mortgages. After this set period the interest rate reverts to Market Harborough’s standard variable rate for the remainder of the term.

Early repayment charges are applicable. Assistance with fees may be appropriate.

Discount rate: the society has four different type of discount mortgage for you to choose from:

A conventional discount scheme set for two years which then reverts to the society’s standard variable rate.

There is the 3 year escalator discount scheme which works it way up to the standard variable rate over the set period.

Then there is the lifetime stepped discount which is set at a permanent discount according to the standard variable rate.

Finally you can choose the 3,2,1 lifetime stepped discount mortgage which has a tiered discount for its first three years and then a final discount for the remainder of the loan. Early repayment charges may apply to all of the above mortgages.

The Tracker mortgage offered follows the Bank of England base rate. If it goes down, your repayments drop. If it rises, so do your repayments. The Market Harborough also charges an extra amount of interest on top of the base rate.

This product is fee free. There are no early repayment charges.

For all of Market Harborough’s mortgages interest is calculated on a daily basis. This means that when a payment is made to your account, your interest will be re-calculated immediately.

Your Choice: the rate of this mortgage is your choice – contact the Market Harborough Building Society to work out whether you can have a fixed, variable or flexible mortgage rate.

You can repay up to 10% of the outstanding capital in any one calendar year without incurring partial redemption penalties, on any scheme.

All of the mortgage products are fully portable (ie. if you move, you may take the unexpired portion of the mortgage scheme with you).

Should you be interested in a mortgage quotation including those offered by the Market Harborough Building Society please complete our quick enquiry form.

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