Buckinghamshire Building Society has launched a new range of three-year fixed mortgage products.

The new three-year products include an everyday residential first-time buyer up to 95% loan-to-value (LTV) at 5.99% with no product fee and a everyday residential next time buyers up to 95% LTV at 5.99% with a fee of £999.

In addition, it has added a retirement product up to 75% LTV at 6.05% with a fee of £999 and a retirement interest only (RIO) up to 60% LTV with a rate of 6.05% and a £499 product fee.

In addition, the society has reduced the rate on its credit revive up to 70% LTV two-year discounted product to 5.79% from 5.99%. The product carries a £999 fee.

Buckinghamshire says the new products have been introduced in response to continued demand for more choice beyond the standard two- and five-year fixed options typically available in the market.

Buckinghamshire Building Society head of mortgage sales Claire Askham says: “Brokers tell us time and again that one size rarely fits all. While two-year and five-year fixed products remain popular, many clients are looking for something in between – a product that offers payment security for longer than two years, without the commitment of fixing for five.”

“Our new three-year fixed range has been designed to give brokers more flexibility when placing cases, whether they are helping a first-time buyer take their first step onto the ladder, supporting a customer in later life, or finding the right fit for a mainstream residential borrower.