Buckinghamshire Building Society has introduced made rate reductions of up to 0.70% across its buy-to-let (BTL), holiday let, and first-time buyer products.
These reductions were introduced to provide more accessible and affordable financing options, particularly in niche lending areas like BTL for non-standard credit applicants and holiday let mortgages.
The society’s Prime 95 for Purchase 5-year fixed rate now offers a reduced rate of 5.29%, down from 5.59%, with up to 95% loan-to-value (LTV).
This purchase-only product has loan amounts that range from £50,000 to £500,000, and no product fee applies.
For landlords with non-standard credit profiles, the BTL Non-Standard Credit 3-year fixed rate offers a reduced rate of 6.09%, down from 6.39%, with a maximum LTV of 75% and a product fee of £1,195.
Additionally, the BTL 5-year fixed rate now features a rate of 5.19%, down from 5.89%, with a maximum LTV of 80% and a product fee of £1,195.
Finally, the holiday let 2-year fixed rate, has been reduced to 5.69% from 5.89%, with up to 75% LTV and a product fee of £1,195.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “We’re excited to introduce these repriced products as part of our ongoing commitment to supporting borrowers across different sectors.
“The rate reductions will offer landlords, holiday let investors, and first-time buyers and home movers more flexibility and competitive financing options, particularly for those with complex financial circumstances.
“We remain focused on delivering products that reflect the needs of the market, whether it’s helping landlords with non-standard credit or providing stability with our 95% LTV option.”
