Buckinghamshire Building Society has increased the maximum loan-to-value on its Credit Restore mortgage range from 70% to 75%.

The change, effective immediately, is aimed at giving intermediaries greater flexibility when assisting clients who may need to consolidate debt or stabilise their financial circumstances.

In addition to the enhanced LTV cap, the mutual has launched a new three-year fixed rate product at 6.89%, available up to 75% LTV. This joins the Society’s existing Credit Restore products, which include a two-year discounted rate and another three-year fixed rate, both previously capped at 60% LTV.

All products in the range carry a £999 arrangement fee and are targeted at borrowers seeking longer-term stability as they work to improve their credit standing.

Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said the move represents a deliberate expansion of the lender’s support for a borrower segment often overlooked by mainstream lenders.

“This is something we’ve been working towards for some time, and we’re pleased to be in a position to offer higher LTVs for borrowers who need that extra support to get back on track,” she said.

“There are very few options out there for credit impaired applicants who need a higher LTV for debt consolidation or to improve their financial position, so this is a meaningful change.

“These products are designed to give applicants valuable breathing room to rebuild their credit profile, while providing brokers with confidence that there’s a lender willing to consider the story behind each case.”

The Society is encouraging brokers to engage with their Key Account Managers to discuss individual client scenarios, emphasising a case-by-case underwriting approach.