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Market Harboro&#39 boosts loan fees

Market Harborough Building Society is increasing its procuration fees and

revamping its mortgage range.

The lender says it is boosting fees ahead of further cooling in the

housing market.

The basic procuration fee will be raised from £150 to £260 with

an additional 0.4 per cent of the balance of the mortgage paid to advisers.

The society has enhanced its two-year fixed-rate schemes by reducing the

rate to 4.49 per cent from 4.8 per cent.

A two-year fixed rate at 6.25 per cent is being introduced with no

extended redemption penalties.

Finance director and deputy chief executive Mike Parrott says: “It is a

case of the housing market starting to show it is slowing down. Although

our products are competitive, the latest moves should convince more

advisers to recommend them.”

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