Buckinghamshire Building Society has cut rates by up to 0.20 percentage points, with immediate effect.

The reductions apply to standard residential, later life, first-time buyer (FTB) and expat buy-to-let (BTL) products.

Examples of the new range include the prime 90% loan-to-value (LTV) five-year fix, which will be reduced from 5.24% to 5.05% while the prime 90% LTV three-year discount will be lowered from 5.99% to 5.79%.

Other examples include: ● Prime 95% (purchases only) three-year fixed rate – rate reduced from 5.89% to 5.74% ● JBSP Deposit Lite five-year fixed rate – rate reduced from 5.99% to 5.89% ● Retirement interest-only five-year discount – rate reduced from 5.69% to 5.59% ● Expat BTL three-year fixed rate – rate reduced from 6.19% to 6.09%

Buckinghamshire Building Society head of mortgage sales Claire Askham says: “We’re delighted to reduce rates across our mortgage range, ensuring we deliver ever greater value to brokers and their clients.”

“Applying these cuts across such a wide range of products means that brokers have more attractive options for their clients, whether they are first-time buyers, landlords, later life borrowers or expats. At a time when price really matters, this is sure to be a welcome move.”