"We understand the challenges many borrowers are facing in today’s market, and our repriced mortgage products offer more competitive and flexible options for both homebuyers and remortgage customers."
- Claire Askham, head of mortgage sales at Buckinghamshire BS
Buckinghamshire Building Society has reduced rates by up to 0.20% across its prime mortgage range and up to 30bps across its impaired credit proposition.
Prime products are also available to customers who have been in debt management plans for over three years, offering flexibility for those with a varied credit history.
The prime 90% LTV five-year fix offers a headline rate of 4.79%, while a prime 75% LTV five-year desktop option for remortgage is also available at 4.79%. Both products have maximum loan amounts of £750,000.
Prime 90% LTV and 75% LTV two-year fixed rates offer loan sizes up to £750,000 and rates starting at 5.39%.
These products cater to self-employed individuals and those with multiple income streams, accepting non-standard earnings such as overtime, bonuses, commissions and income from second jobs, alongside recent changes which allow the use of up to 100% of large town allowance and car allowance payments. Additionally, interest-only options are available across the prime range, providing adaptable solutions for diverse financial needs, subject to a suitable repayment vehicle.
For customers with impaired credit, products are specifically designed for those recovering from significant life events, such as bankruptcy or an Individual Voluntary Arrangement (IVA). In some cases, applicants may be eligible the day after discharge, making these products an ideal choice for those looking to rebuild their financial standing.
Debt consolidation is also available for those clients that want to restructure their existing finances.
Within the Society’s impaired credit range, a three-year discount is now available at 6.29% up to 70% LTV with a maximum loan of £500,000, while a three-year fixed option has reduced to 6.19%, both with a product fee of £999.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, commented: “We understand the challenges many borrowers are facing in today’s market, and our repriced mortgage products offer more competitive and flexible options for both homebuyers and remortgage customers.
“By broadening our acceptance criteria, especially for those with complex incomes or recovering from financial difficulties, we are continuing our mission to provide responsible lending solutions tailored to the evolving needs of our customers."
