Claire Askham

Buckinghamshire Building Society reduces rates across range

Buckinghamshire Building Society has cut rates by up to 0.20% across a raft of its mortgage products.

The reductions, which take effect immediately, apply to standard residential, later life, first-time buyer and expat buy to let products, ensuring the mutual delivers more competitive options for all types of buyers.

Examples of the new range include a Prime 90% loan-to-value (LTV) 5-year fixed rate reduced from 5.24% to 5.05%, as well as a Prime 90% LTV 3-year discount reduced from 5.99% to 5.79%.

The society’s Joint Borrower Sole Proprietor (JBSP) Deposit Lite 5-year fixed rate has also been reduced from 5.99% to 5.89%.

Its retirement interest-only 5-year discount has been reduced from 5.69% to 5.59% and its expat buy-to-let 3-year fixed rate has been reduced from 6.19% to 6.09%.

Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, said: “We’re delighted to reduce rates across our mortgage range, ensuring we deliver ever greater value to brokers and their clients.

“Applying these cuts across such a wide range of products means that brokers have more attractive options for their clients, whether they are first-time buyers, landlords, later life borrowers or expats.

“At a time when price really matters, this is sure to be a welcome move.

“Combined with our human approach to underwriting, where each case is assessed on individual circumstances, Buckinghamshire Building Society continues to stand out from the competition in delivering accessible, affordable mortgage products.”