Buckinghamshire Building Society has reduced rates by 0.20% across three of its specialist credit products, bolstering its support for borrowers with past or recent credit issues.

The updated pricing applies to the lender’s Credit Revive and Credit Restore ranges, which are designed for borrowers with varying degrees of credit history challenges.

The Credit Revive product, aimed at those with minor historic blips such as missed payments or defaults, now stands at 5.89% up to 85% loan to value (LTV), down from 6.09%.

Within the Credit Restore range, which caters for applicants with more recent or serious credit events such as CCJs or active debt management plans, rates now start at 5.99% up to 60% LTV (previously 6.19%) and 6.49% up to 75% LTV (previously 6.69%).

Each is a two-year fixed-rate product with a £999 fee, available for both purchase and remortgage up to a maximum loan size of £750,000.

Both Credit Revive and Credit Restore cases are manually underwritten, ensuring that every application is considered on its individual merits.

The society said this human-led approach helps ensure fairness and flexibility for borrowers who might otherwise find it difficult to secure finance.

Earlier in the year, Buckinghamshire Building Society also increased the maximum LTV on Credit Restore from 70% to 75%, widening access to borrowers looking to rebuild their credit profiles and move forward with their homeownership plans.