The range was designed to support borrowers with historical credit issues, and the mutual has added three options to the proposition.
This includes the BTL Credit Revive two-year fix up to 75% loan to value (LTV), priced at 5.69%, and the limited company option open to special purpose vehicles (SPVs) only, priced at 5.89%.
For later life borrowers, the Retirement Credit Revive product is available at 70% LTV, fixed for five years and priced at 5.79%.
Buckinghamshire Building Society’s Credit Revive range was previously only open to residential purchase and remortgage borrowers, aimed at those with historical credit challenges to improve their chances of getting a mortgage.
It is open to people with a history of arrears, missed payments or county court judgments (CCJs), as long as they can provide their circumstances are stable and they meet affordability checks.
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Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, said: “We know that brokers are working with more clients who have strong current affordability but still carry the legacy of past credit issues. This is about recognising recovery and making sure people aren’t shut out of the market because of a historic[al] blip.
“Whether it’s a landlord rebuilding after a challenging few years or someone in later life looking for a fresh start, these products are about practical lending solutions that reflect where people are today, not where they’ve been previously. That’s what Credit Revive is designed to do.”
