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Bucks BS enters new-build mortgage market

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  • 15/03/2017
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Bucks BS enters new-build mortgage market
Buckinghamshire Building Society has launched into the new-build mortgage market.

The mutual is offering a pair of three-year products – one fixed and one discounted from its standard variable rate (SVR).

Both loans are available at a maximum loan to value (LTV) of 85% and carry a £850 product fee.

The three-year fixed rate is until August 2020 at 3.89% followed by the society’s SVR, currently at 4.99%. It includes early repayment charges of 3%, 2% and 1% in the first, second and third years respectively.

The variable rate product is at a 1.5% discount from the SVR, putting it at 3.49% at present. It includes early repayment charges of 1.5%, 1% and 0.5% in each of the three years respectively.

Buckinghamshire Building Society head of lending Tim Vigeon (pictured) said: “This is another product in our range aimed at helping those borrowers whose circumstances may not be straight forward and as a specialist lender we like to think outside the box when trying to help borrowers.”

 

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