"We have augmented several products designed to offer more options to borrowers, across a range of mortgage niches. "
- Claire Askham, head of mortgage sales at Buckinghamshire BS
Buckinghamshire Building Society has cut rates by up to 0.30% across its mortgage range, and implemented term changes to selected products.
The mutual has reduced rates on buy-to-let, standard residential, later life, expat, and holiday let products.
Highlights include a prime 90% LTV five-year fixed rate, which has reduced from 5.05% to 4.99%.
A buy-to-let 80% LTV five-year fixed rate has reduced from 5.99% to 5.89%, a holiday let 75% LTV two-year discount rate is down by 30bps to 5.89%, and an expat holiday let 75% LTV two-year discount rate has reduced by 20bps to 5.99%.
Term changes
The Deposit Light three-year discount rate has changed to a five-year fixed rate at 5.79%, with dual physical valuation and desktop options, providing security to first-time buyers with a fixed monthly payment.
The non-standard credit product has been repriced and changed from a two-year fixed term to a three-year fixed term in an effort to help applicants rebuild their credit profile.
In addition, the Society can now consider applicants who have been in a DMP for over three years, as well as those with a CCJ for parking fines up to £250, within the prime range for residential mortgages. The Society has also reduced its SVR by 0.20% to 8.59%.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “We are pleased to announce a comprehensive rate reduction across our product range, which further enhances the value we offer to intermediaries and their clients. Additionally, we have augmented several products designed to offer more options to borrowers, across a range of mortgage niches. This launch cements our support for brokers in an increasingly complex marketplace."
