Buckinghamshire Building Society has reduced mortgage rates across its residential and specialist lending ranges, with the largest cuts aimed at borrowers with higher levels of equity.
The mutual has cut rates on a selection of residential, impaired credit and buy-to-let mortgages.
Rates on its Everyday Residential discounted products have been reduced by 40 basis points. They now start at 4.89% up to 70% loan-to-value (LTV) and 4.99% up to 80% LTV.
The society has also lowered rates across its Credit Revive and Credit Restore ranges, which are intended for borrowers who have experienced previous credit problems.
Several limited company buy-to-let and limited company holiday let products have been repriced, including mortgages for expatriate landlords. Fixed rates on portfolio buy-to-let and expatriate portfolio buy-to-let products have both been reduced by 20 basis points.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “These latest reductions enhance our proposition for borrowers with lower loan-to-value requirements while continuing to support borrowers with more complex or individual circumstances.
“Whether it’s someone looking to remortgage from day one, raise capital against an unencumbered property, access our later life lending solutions or secure a mortgage after previous credit issues through our Credit Restore and Credit Revive products, we’re committed to offering flexible lending backed by a personal approach.”
The society also offers interest-only mortgages on selected products, subject to its lending criteria. Loans are available up to 60% LTV where repayment is to be made through downsizing, or up to 75% LTV where an acceptable repayment vehicle is in place.
