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Buckinghamshire BS cuts rates

  • 11/06/2024
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Buckinghamshire BS cuts rates
Buckinghamshire Building Society has reduced rates by up to 0.2% across its mortgage range, including residential, later life, first-time buyer and expat deals.

Buckinghamshire Building Society’s reductions will come into force immediately and allow the mutual to deliver more “competitive options for all types of buyers”.

Examples of reduced rates include its five-year prime fixed rate at 90% loan to value (LTV), which has fallen from 5.24% to 5.05%.

Its three-year discount prime product at 90% LTV will go down from 5.99% to 5.79%, and its prime purchase-only three-year fixed rate will fall from 5.89% to 5.74%.

The lender’s joint borrower sole proprietor (JBSP) Deposit Lite five-year fixed rate will be priced at 5.89%, a decrease from 5.99%.

Its retirement interest-only (RIO) five-year discount will contract from 5.69% to 5.59%, while its expat buy-to-let (BTL) three-year fixed rate will go down from 6.19% to 6.09%.

Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, said: “We’re delighted to reduce rates across our mortgage range, ensuring we deliver ever-greater value to brokers and their clients.

“Applying these cuts across such a wide range of products means that brokers have more attractive options for their clients, whether they are first-time buyers, landlords, later life borrowers or expats. At a time when price really matters, this is sure to be a welcome move.

“Combined with our human approach to underwriting, where each case is assessed on individual circumstances, Buckinghamshire Building Society continues to stand out from the competition in delivering accessible, affordable mortgage products.”

The firm recently added two five-year fixed rates to its residential and BTL range and increased its LTV boundaries.

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