"The rate reductions will offer landlords, holiday let investors, and first-time buyers and home movers more flexibility and competitive financing options, particularly for those with complex financial circumstances."
- Claire Askham, head of mortgage sales at Buckinghamshire BS
Buckinghamshire Building Society has announced rate reductions of up to 0.70% across its buy-to-let, holiday let and first-time buyer products.
The Prime 95 five-year fixed rate purchase product has reduced to 5.29%. The product is available for both first-time buyers and home movers with no fees and has loan amounts that range from £50,000 to £500,000.
For landlords with non-standard credit profiles, a buy-to-let non-standard credit three-year fixed rate is down to 6.09% with a maximum LTV of 75% and a product fee of £1,195.
Additionally, a buy-to-let five-year fix has reduced by 70bps to 5.19% with a maximum LTV of 80% and a product fee of £1,195.
A two-year fixed rate holiday let product is now available at 5.69% up to 75% LTV and a product fee of £1,195.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, commented: “We’re excited to introduce these repriced products as part of our ongoing commitment to supporting borrowers across different sectors. The rate reductions will offer landlords, holiday let investors, and first-time buyers and home movers more flexibility and competitive financing options, particularly for those with complex financial circumstances.
“We remain focused on delivering products that reflect the needs of the market, whether it’s helping landlords with non-standard credit or providing stability with our 95% LTV option.”
