Available up to 60% LTV for purchase and remortgage, the mortgage offers borrowers a discounted interest rate for the first three years before they move on to the mutual’s SVR, currently 5.24%.
The deal has a rate of 2.99% in year one, 3.99% in year two and 4.99% in year three.
It comes with an arrangement fee of £995, an early repayment charge of 3% for the discount period and free valuation and legals for remortgages. The maximum loan is £300,000.
Ivan Gould, chief executive of the Buckinghamshire, said: “This is a very competitive mortgage and will especially be of interest to people looking to remortgage their property while keeping their repayments at a manageable level.
“One of the benefits of a local building society like the Buckinghamshire is that we look at all our mortgage applicants on a personal basis and don’t rely on credit scoring to make decisions for us.”
