Buckinghamshire Building Society will pull its five-year fixed-rate 90% loan-to-value Prime 90 mortgage at 4.99% due to “a significant increase in applications”.

Brokers must submit a decision in principle by close of business for the residential loan today (5 December) to secure the product at the current rate, the mutual says in a note to brokers.

The decision in principle does not have to be agreed or accepted by 5pm, “but it must be submitted,” it adds.

The move is also part of “an effort to protect our service levels,” the firm points out.

In October, Buckinghamshire Building Society announced an extensive product repricing, with rate reductions of up to 70 basis points across buy-to-let, holiday let, and first-time buyer products.