Strong lending growth reported by Market Harborough BS

April 2, 2025 by Heidi

Lenders

Market Harborough Building Society has announced its financial results for the past year, and they reveal that it enjoyed another strong year in terms of mortgage lending growth.

The building society grew its mortgage book by no less than £66 million during the financial year. That takes its total lending growth over the past three years to 45%. When it comes to the past year, much of the growth in lending can be attributed to bridging loans. Market Harborough BS is reporting that it saw growth of more than 81% in that area of its mortgage book.

This should not be entirely surprising, because the lender made considerable efforts to achieve it. It added a new range of bridging products with a maximum loan size of £5 million. It also made the top 70% loan-to-value (LTV) available to all borrowers, while making its rates simpler. The purpose of those moves was to grow its bridging lending.

All of the figures reported by Market Harborough BS were positive. The specialist lender’s pre-tax profit for the year was £3.4 million, while it grew its total assets by £863 million.

Talking to Mortgage Strategy after the figures were released, Iain Kilpatrick from Market Harborough BS said:

“We’ve stayed true to our promises, made decisions based on what was right for brokers and their clients, and are proud to have delivered another record-breaking year, helping more brokers than ever before.”

More mortgage advisors with CeMAP training are now looking to the specialist market, which is being reflected in figures like these.