Buckinghamshire Building Society has launched two-year fixed-rate mortgages in its credit restore range.  

The home loans are priced at 6.19% up to 60% loan to value and 6.69% up to 75% LTV and can be used for both purchase and remortgage purposes, with a maximum loan size of £750,000.  

The offer is 20 basis points lower than previous products. 

The mutual’s credit restore range is aimed at credit-impaired clients who may need a higher LTV to consolidate debt or improve their financial position. 

Last month, the building society lifted the maximum LTV on the credit restore range from 70% to 75%, which to give brokers more flexibility when supporting clients with impaired credit. 

Buckinghamshire Building Society head of mortgage sales Claire Askham says: “At the society, we want to make it easier and more affordable for borrowers to repair their credit position and our reduced pricing, along with the recent increase in LTV to 75% will undoubtedly help more borrowers achieve their home ownership ambitions. 

“Many just simply need a common-sense approach to underwriting and a lender that understands the nuances of their circumstances.” 

Askham encouraged brokers to contact their key account manager “to discuss individual cases and find out more about how this change could support their clients”.