Buckinghamshire Building Society launches expat BTL product and cuts rates

Buckinghamshire Building Society has cut rates on selected everyday residential and skilled worker visa mortgage products. 

The society has also launched a new 2-year fixed rate buy-to-let (BTL) mortgage for expat limited company landlords.

The everyday residential 70% loan-to-value (LTV) product was reduced from 5.34% to 5.19%, while the 80% LTV option dropped from 5.45% to 5.29%. 

The skilled worker visa (previously tier 2 visa) rate was cut from 6.35% to 5.99%. 

The new BTL product is a 2-year fixed rate at 5.89%, available only to expat limited company applicants.

Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, said: “These rate reductions reflect our ongoing commitment to ensuring brokers have access to competitive, flexible solutions that meet the evolving needs of their clients. 

“Our everyday residential range is suitable for a wide range of borrowers, including those with minor credit blips or complex income structures and this pricing update makes it even more accessible.

“Our new expat limited company BTL fixed rate is an exciting addition for brokers working with overseas clients.”

Askham added: “We’ve seen increased demand in this space recently and this new product provides a timely solution for clients seeking shorter-term stability in a changing market.”

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