Buckinghamshire Building Society launches 3-year discounted mortgages
The lender urged brokers to include 3-year products when searching for mortgages rather than focusing only on 2- and 5-year options.
Buckinghamshire Building Society has launched three 3-year discounted mortgage products across its Retirement and Credit Restore ranges.
The Retirement 3-year discount is available up to 75% loan-to-value (LTV) at 5.09%, with a £999 product fee.
The Credit Restore products are available up to 60% LTV at 5.49% and up to 75% LTV at 5.89%.
Both have a £499 product fee.
The lender urged brokers to include 3-year products when searching for mortgages rather than focusing only on 2- and 5-year options.
Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, said: “Two- and five-year products naturally receive a lot of attention when brokers are sourcing a mortgage, but we don’t want three-year options to be overlooked.
“Every client is different, and for some borrowers three years may provide a useful middle ground.
“Our message to brokers is simple: when you’re sourcing a case, make sure you include three-year products in your search.”
Askham added: “There could be an option sitting there that works particularly well for your client, and you don’t want to miss it simply because the initial search was limited to two and five years.”
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