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Buckinghamshire BS cuts rates across its range
Buckinghamshire Building Society has cut rates by up 0.3 percentage points across its mortgage range.
The lender has also introduced some changes to its mortgage terms on some deals.
The cuts are available immediately on Buckinghamshire Building Society’s buy-to-let, standard residential, later life, expat and holiday let products.
Mortgage rate cuts at Buckinghamshire Building Society
Examples of the new range include a reduction from 5.05% to 4.99% on its prime five-year fixed rate deals for those with a 10% deposit.
Its buy-to-let 80% LTV five-year fixed rate is also being reduced from 5.99% to 5.89%.
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Meanwhile, Buckinghamshire Building Society’s holiday let two-year discounted rate mortgage at 75% LTV is being cut from 6.19% to 5.89% while is expat holiday let 75% LTV two-year discount is being cut from 6.19% to 5.99%.
Its deposit light dual physical valuation five-year fixed rate is now available from 5.79%, while a non-standard credit three-year fixed is from 5.99%.
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.
Debt management plans
Buckinghamshire Building Society has also announced that it can now consider applicants who have been in a debt management plan for more than three years.
It can also consider those with a county court judgement for parking fines of up to £250, within the Prime range for residential mortgages.
Meanwhile, the mutual has also reduced its SVR by 0.2% 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.”