Bucks BS expands BTL and holiday let offering

Img

Buckinghamshire Building Society has expanded its buy-to-let, holiday let and expat lending proposition with increased maximum loan sizes, the reintroduction of selected fixed-rate products and the launch of limited company SPV products.

Effective immediately, the lender has increased the maximum loan amount across its entire BTL and holiday let product range from £500,000 to £750,000, providing brokers with greater flexibility for investment cases.

In addition, the society will now accept expat mortgage applications from residents in Hong Kong (excluding BNO status), broadening access to its specialist expat proposition.

Alongside these changes, Buckinghamshire Building Society has launched a number of new limited company SPV products, including:

A BTL three-year fixed at 6.19% up to 80% LTV;  Expat BTL three-year fixed at 6.29% up to 80% LTV; Holiday Let two-year fixed at 6.09% up to 75% LTV; and   Expat Holiday Let two-year fixed at 6.19% up to 75% LTV. (All products carry a £1,500 fee)

Commenting on the product changes Buckingham Building Society head of mortgage sales Claire Askham said:

“We’ve seen continued appetite from landlords and expat investors who are looking for greater flexibility, larger loan sizes and products that reflect how the market is evolving.

She added: “Increasing our maximum loan size to £750,000 gives brokers more options for larger cases, while the launch of these new fixed-rate SPV products helps support landlords who want a degree of payment certainty without necessarily committing to longer-term fixes.”

“We’re also pleased to extend our expat proposition further by accepting applications from Hong Kong residents, an area where we continue to see growing interest in UK property investment.”


More From Life Style