Buckinghamshire BS renames product ranges and enhances lending criteria 

The Society says the changes will offer greater flexibility and accessibility for a wider range of borrowers.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
2nd April 2025
Claire Askham Buckinghamshire

Buckinghamshire Building Society has announced a series of product updates and criteria improvements across its mortgage range.

The changes include the renaming of the Society's core mortgage product ranges. 'Standard Residential' is now 'Everyday Residential', 'Non-standard' becomes 'Credit Revive', with the maximum LTV increased from 80% to 85%, and 'Impaired Credit' becomes 'Credit Restore.'

In addition to the new naming, maximum loan sizes across both Credit Revive and Credit Restore have increased from £500,000 to £750,000.

The Society has also introduced improvements to its credit matrix, including a more inclusive approach to borrowers with past credit blips. Everyday Residential cases can now be accepted with one missed payment in the last 12 months on either secured or unsecured credit, down from two years.

Furthermore, the allowable limit on CCJs (including parking fines) has increased from £250 to £500 across all three product ranges.

Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, commented: “We know that life isn’t always straightforward, and these changes reflect that reality. By updating our product names and lending criteria, we’re making it easier for brokers to match their clients to the right mortgage solution, without unnecessary barriers.

“Our aim is to be fair, transparent and accessible. Whether it's supporting borrowers recovering from a minor credit issue or helping more people access finance at higher LTVs, we want our criteria to keep pace with our customers' circumstances. It’s all part of doing things The Bucks Way, by putting people first and delivering common-sense lending that works in the real world."

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