Buckinghamshire Building Society has cut rates by up to 0.30% across its mortgage range, and implemented term changes to selected products.
The mutual has reduced rates, effective immediately, on buy-to-let, standard residential, later life, expat, and holiday let products.
Examples of the new range include a prime 90% loan-to-value (LTV) 5-year fixed rate reduced from 5.05% to 4.99%, and a buy-to-let 80% LTV 5-year fixed rate reduced from 5.99% to 5.89%.
In addition, a holiday let 75% LTV 2-year discount rate has been reduced from 6.19% to 5.89% and an expat holiday let 75% LTV 2-year discount has been reduced from 6.19% to 5.99%.
Meanwhile, the society’s deposit light 3-year discount rate has changed to a 5-year fixed rate at 5.79%, with dual physical valuation and desktop options, providing security to first-time buyers with a fixed monthly payment.
What’s more, its non standard credit product has been repriced and changed from a 2-year fixed term to a 3-year fixed term in an effort to help applicants rebuild their credit profile.
Buckinghamshire Building Society can now consider applicants who have been in a DMP for over three years, as well as those with a CCJ for parking fines up to £250, within the prime range for residential mortgages.
The society has also reduced its Standard Variable Rate (SVR) by 0.20% to 8.59%
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “We are pleased to announce a comprehensive rate reduction across our product range, which further enhances the value we offer to intermediaries and their clients.
“Additionally, we have augmented several products designed to offer more options to borrowers, across a range of mortgage niches.
“This launch cements our support for brokers in an increasingly complex marketplace.”
