Buckinghamshire Building Society has launched a non-standard credit buy-to-let (BTL) mortgage.

The BTL non-standard credit mortgage is available with a three-year discount of 2.40% on the standard variable BTL rate, giving a current headline rate of 6.39%.

The product is available up to a maximum of £500k and up to 75% loan-to-value (LTV), with zero application fees and a product fee of £1,195.

It is aimed at landlords with missed payments on secured and unsecured loans, defaults, CCJs, mortgage arrears and payday loans, as well as missed utility payments.

The BTL non-standard credit mortgage is available to both individual landlords and limited companies with a maximum of three BTL mortgaged properties, and on both regulated and consumer BTL properties.

Buckinghamshire Building Society head of mortgage sales Claire Askham says: “Our BTL non-standard credit mortgage is a new area of lending for the society, and fills an important gap in the market.”