Buckinghamshire Building Society cuts Credit Revive and Credit Restore rates by up to 0.30%
The Credit Revive 2-year fixed is now available at 5.89% up to 70% loan-to-value (LTV) and 6.19% up to 85% LTV, down from 6.09% and 6.39%.
Buckinghamshire Building Society cut rates across its Credit Revive and Credit Restore mortgage ranges by up to 0.30%.
The Society made reductions across five products, aimed at borrowers who have experienced past credit issues.
The Credit Revive 2-year fixed is now available at 5.89% up to 70% loan-to-value (LTV) and 6.19% up to 85% LTV, down from 6.09% and 6.39%.
The Retirement option was reduced from 5.99% to 5.85% up to 70% LTV.
The Credit Restore 3-year fixed is now 6.29% up to 60% LTV and 6.69% up to 75% LTV, reduced from 6.59% and 6.89%.
All products have a £499 product fee.
Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, said: “We know there are many borrowers whose circumstances have improved significantly since experiencing financial difficulties, but who can still find it challenging to access mortgage options.
“By reducing rates across both our Credit Revive and Credit Restore ranges, we’re making it easier for brokers to support these clients with affordable solutions that recognise their current circumstances, not just their past.
“At Buckinghamshire Building Society, we take a common-sense approach to lending.”
Askham added: “Through manual underwriting and individual case assessment, we’re able to consider a broader range of circumstances and help more borrowers achieve their homeownership goals.
“These latest reductions demonstrate our ongoing commitment to supporting brokers and their clients with flexible lending solutions for borrowers who are rebuilding their financial position.”
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