The Market Harborough Building Society

Market Harborough Building Society was founded in 1870 in the south Leicestershire town of the same name. The society has grown steadily in the last 135 years. Today it has in excess of £350m in assets, over 6,500 mortgage customers, and around 50,000 investment accounts. It aims at providing 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 mortgage types:

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

There are two different fixed rate mortgages. Both are fixed rate for 2 years. After this period the interest rate converts to Market Harborough's standard variable rate for the remaining mortgage term.

• Early repayment charges are applied
• Assistance with fees may be appropriate.

Discount rate: the society offers four different type of discount mortgages for you to choose from:

• A conventional discount scheme set for two years duration then it goes back 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: follows the Bank of England base rate with an added extra amount of interest charged by the Society. If the Bank of England base rate dops your repayments will drop, if it rises so will your repayments.

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

Interest is calculated on a daily basis for all of Market Harborough's mortgages. Consequently, when a payment is made to your account, your interest will be immediately re-calculated.

Your Choice: as the name indicates, the rate of this mortgage is your choice, contact the Market Harborough Building Society to work out whether you can get 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, if you move, you may take the unexpired part of the mortgage scheme with you.

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