Buckinghamshire Building Society has launched three three-year discounted mortgage products across its Retirement and Credit Restore ranges.

The products include a Retirement three-year discount mortgage at 5.09%, available up to 75% loan-to-value (LTV) with a £999 product fee.

Two Credit Restore three-year discount products have also been introduced. The first is available up to 60% LTV at 5.49%, while the second is available up to 75% LTV at 5.89%. Both carry a £499 product fee.

The Retirement range is aimed at older borrowers with a range of borrowing requirements, while the Credit Restore range is designed for customers who have experienced historic credit difficulties and may require individual underwriting.

Buckinghamshire said the launch was also intended to encourage intermediaries to consider three-year products alongside the more commonly searched two-year and five-year options.

Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “Two- and five-year products naturally receive a lot of attention when brokers are sourcing a mortgage, but we don’t want three-year options to be overlooked. Every client is different, and for some borrowers three years may provide a useful middle ground.

“Our message to brokers is simple: when you’re sourcing a case, make sure you include three-year products in your search.

“There could be an option sitting there that works particularly well for your client, and you don’t want to miss it simply because the initial search was limited to two and five years.”