Buckinghamshire Building Society has made rate reductions of up to 0.20% across its Prime product range and up to 0.30% across its Impaired Credit proposition.
Prime products are also available to customers who have been in debt management plans for over three years, offering flexibility for those with a varied credit history.
The Prime 90 5-year fixed has been reduced to 4.79%, down from 4.99%, with a 90% loan-to-value (LTV), available until 30th November 2029.
The Prime 75 5-year desktop option, also fixed until the same date, has been reduced to the same rate and supports remortgages with a 75% LTV.
Both products have maximum loan amounts of £750,000.
For products fixed until 30th November 2026, the society’s Prime 90 2-year fixed and Prime 75 2-year desktop option offer loan sizes up to £750,000, with rates starting at 5.39%.
These products aim to cater to self-employed individuals and those with multiple income streams, accepting non-standard earnings such as overtime, bonuses, commissions and income from second jobs, alongside recent changes which allow the use of up to 100% of large town allowance and car allowance payments.
Additionally, interest-only options are available across the Prime range, providing adaptable solutions for diverse financial needs, subject to a suitable repayment vehicle.
For customers with impaired credit, products are specifically designed for those recovering from significant life events, such as bankruptcy or an Individual Voluntary Arrangement (IVA).
Debt consolidation is also available for those clients that want to restructure their existing finances.
Within the society’s Impaired Credit range, the 3-year discount has been reduced to 6.29%, down from 6.59%, with a maximum loan of £500,000 and an LTV of 70%, while the 3-year fixed option has decreased to 6.19% until 30th November 2027, both with a product fee of £999.
Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, said: “We understand the challenges many borrowers are facing in today’s market, and our repriced mortgage products offer more competitive and flexible options for both homebuyers and remortgage customers.
“By broadening our acceptance criteria, especially for those with complex incomes or recovering from financial difficulties, we are continuing our mission to provide responsible lending solutions tailored to the evolving needs of our customers.”
