Buckinghamshire Building Society has relaunched fixed rate options on two of its most popular specialist products.

The society’s Joint Borrower Sole Proprietor (JBSP) product is now available on a five year fix with a maximum loan-to-value (LTV) of 90%. The term is based on the applicant’s selected retirement age, not the supporting parties, with a maximum term available of 40 years.

The Impaired Credit proposition is available with an improved maximum LTV of 70%, up from 60% previously, along with an initial fixed period of three years.

Claire Askham (pictured), head of mortgage sales at the Buckinghamshire, said: “As we all know, market conditions are extremely tricky right now, so launching a full range of fixed rate products isn’t something on our immediate road map.

“That said, one of the core purposes of our Society is to help people achieve their dream of home ownership.

“We’ve looked carefully at our product range and identified these two niche areas of lending as areas we believe fixed rate offerings will be highly beneficial to our clients.

“Not only have we continued to lend throughout these unprecedented last few months, we’ve continued to lend with our full range of discount rate products available. We do understand however, that the priority for many of our borrowers on the JBSP and Impaired Credit products are looking for certainty with the cost of their repayments to assist them with budgeting, especially while we’re in the midst of a cost of living crisis, which is why we’ve launched these products.

“Although we have no current plans to extend fixed rates across the rest of our product range, we will continue to innovate and update criteria where possible to ensure we’re offering practical solutions for complex cases.”