Buckinghamshire Building Society has cut rates on its prime mortgages, and lifted the loan to value on joint borrower sole proprietor offers.

The mutual has cut the interest rate of its prime product offering with a fixed and variable option available.

One highlight is a prime fixed-rate deal to Feb 2025 at 2.99% with 80% LTV, from 3.29%.

It has also boosted the loan ratio of its joint borrower sole proprietor products from 80% to 90% LTV.

Buckinghamshire Building Society head of lending Tim Vigeon says: “We pride ourselves on supporting people to own a home of their own and we are determined to do whatever we can to help first-time buyers join the property ladder.

“These significant changes to our product offering provides people with better value and more flexibility.

“This, coupled with our human approach to underwriting, will ensure we are able to consider applications on a case by case basis, with the aim of a positive outcome.

“We work closely with our broker network and feedback has allowed us to evaluate and continuously improve the products we offer.”

In August, BuildLoan partnered with Buckinghamshire Building Society to launch a self-build product.

The development and bridging finance firm for brokers said the arrears stage payment loan offers a discount of 0.95% from Buckinghamshire’s standard variable rate for two years, which amounts to a rate of 3.79%, with a £1,499 completion fee.

This loan offers stage payments of up to 85% of build costs on completion of each stage of work.