The Buckinghamshire cuts specialist credit product pricing

Published on

Buckinghamshire Building Society has introduced a new two-year fixed rate for buy-to-let investors and announced significant rate reductions across its Credit Revive and Credit Restore mortgage ranges.

The newly launched Everyday Buy to Let two-year fixed rate is priced at 5.49% up to 80% loan-to-value. Available for loan amounts between £50,000 and £500,000, the product carries a fee of £1,195 and is intended to provide a shorter-term option for landlords seeking rate security without locking into a longer deal.

At the same time, the Society has repriced a number of its specialist residential products. These include reductions of up to 40 basis points on selected Credit Revive and Credit Restore products, which are designed for borrowers with a history of credit difficulties who are now demonstrating improved financial stability.

Within the Credit Revive range, two-year fixed rates are now available at 5.59% up to 70% LTV and 6.09% up to 85% LTV. The Credit Restore range has also been adjusted, with the two-year discounted rate now priced at 6.25% and the three-year fixed at 6.39%, both available to borrowers with up to 70% LTV.

Claire Askham

Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “We know how important it is for brokers to have reliable options for clients who are on the road to financial recovery. By improving the pricing across Credit Revive and Credit Restore, we’re making it easier to support borrowers who don’t always fit the mould but have strong potential to sustain a mortgage.

“Our new fixed rate for Everyday Buy to Let also gives brokers more choice for landlords seeking short-term rate stability. We’re committed to refining our offering in areas that matter most to brokers and their clients.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Pepper Money expands wellbeing push with largest-ever broker retreat series

Specialist lender Pepper Money is significantly expanding its wellbeing programme for brokers with the...

L&G pays over £1bn in retail protection claims as digital overhaul cuts delays

Legal & General paid more than £1bn in retail protection claims in 2024, the...

Unlocking housing wealth in retirement ‘could add £21bn to UK economy by 2040’

More than half of UK households are expected to rely on property wealth to...

StreamBank adds title insurance to accelerate bridging completions

StreamBank has introduced title insurance on all bridging loans up to £2 million in...

Other news

Pepper Money expands wellbeing push with largest-ever broker retreat series

Specialist lender Pepper Money is significantly expanding its wellbeing programme for brokers with the...

L&G pays over £1bn in retail protection claims as digital overhaul cuts delays

Legal & General paid more than £1bn in retail protection claims in 2024, the...

Unlocking housing wealth in retirement ‘could add £21bn to UK economy by 2040’

More than half of UK households are expected to rely on property wealth to...
Advertisement