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.”

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 reshapes sales leadership team

Pepper Money has made a series of changes to its sales leadership structure as...

Vida expands residential range and relaunches buy-to-let products

Vida Homeloans has expanded its lending proposition with the reintroduction of 20 residential products...

Gatehouse Bank joins The Right Mortgage panel

The Right Mortgage & Protection Network has added Gatehouse Bank to its lender panel,...

JammJar adds identity verification through Entrust partnership

JammJar has partnered with Entrust to allow mortgage brokers to complete automated identity verification...

Industry invited to shape next phase of inclusion research

Mortgage and protection professionals are being urged to contribute to a new study examining...

Latest publication

Other news

Pepper Money reshapes sales leadership team

Pepper Money has made a series of changes to its sales leadership structure as...

Vida expands residential range and relaunches buy-to-let products

Vida Homeloans has expanded its lending proposition with the reintroduction of 20 residential products...

Gatehouse Bank joins The Right Mortgage panel

The Right Mortgage & Protection Network has added Gatehouse Bank to its lender panel,...