Buckinghamshire Building Society has reduced rates by up to 0.20% across its Credit Revive and Credit Restore ranges, in a move designed to support borrowers with recent or historic credit problems.

The new pricing applies to three two-year fixed products, each carrying a £999 fee. The Credit Revive product, available up to 85% loan-to-value, has been cut from 6.09% to 5.89%.

Credit Restore, which caters for more serious credit histories, now starts at 5.99% up to 60% LTV (previously 6.19%) and 6.49% up to 75% LTV (previously 6.69%).

All three are available for purchase and remortgage, with a maximum loan size of £750,000.

The products form part of the Society’s Crafted Lending range, which focuses on four core areas: first-time buyers, non-standard income, restoring or reviving credit, and specialist options such as Deposit Lite and joint borrower sole proprietor lending.

Credit Revive is aimed at borrowers with minor past issues such as missed payments or arrears, while Credit Restore is intended for those with more significant or recent events, including CCJs or debt management plans.

Both ranges are manually underwritten, allowing each application to be assessed on its individual merits.

Earlier this year, Buckinghamshire increased the maximum LTV on Credit Restore from 70% to 75%, widening access for borrowers seeking to move on from credit difficulties.

Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “Brokers are telling us that demand for adverse credit mortgages remains strong and borrowers are increasingly looking for options that don’t penalise them indefinitely for historic financial difficulties.

“These reductions are another way we’re making our specialist criteria more accessible, without compromising on our manual approach.

“We understand that no two clients are the same, and we’ll continue to work closely with brokers to find solutions that reflect that.”