From October 1st, the building society is dropping fixed-rate deals by as much as 0.30%. This means lower monthly payments for borrowers, putting more money back in their pockets.

Here’s a breakdown of the changes:

• Two-year fixed rates: Reduced by 0.30%
• Three-year fixed rates: Reduced by 0.20%
• Standard Variable Rate (SVR): Reduced by 0.20% to 8.19%

This means that for those eligible for the top ‘tier one’ deals (typically those with a larger deposit), rates now start from as low as:

• Variable rate: 6.24%
• Fixed rate (two-year): 5.44% (this includes a £1,495 product fee)

These cuts follow a similar reduction in September, showing the building society is serious about supporting both new and existing borrowers during a tough time for the property market.

Iain Smith, head of mortgage distribution at Market Harborough Building Society, said: “We’re pleased to announce another reduction across our residential and let fixed rates and also bring down our SVR, a change that both new and existing customers can benefit from.”