Buckinghamshire Building Society has announced an extensive product repricing, with rate reductions of up to 70bps across buy-to-let, holiday let, and first-time buyer products.
The Prime 95 for Purchase five-year fixed rate, offers a rate of 5.29% (down from 5.59%) with up to 95% LTV, for both first-time buyers and home movers. This purchase only product has loan amounts that range from £50,000 to £500,000, and no product fee applies.
For landlords with non-standard credit profiles, the Buy-to-Let Non-Standard Credit three-year fixed rate, offers a rate of 6.09% (down from 6.39%) with a maximum LTV of 75% and a product fee of £1,195.
Additionally, the Buy-to-Let five-year fixed rate now features a rate of 5.19% (down from 5.89%) with a maximum LTV of 80% and a product fee of £1,195, providing a long-term, competitive solution for BTL investors.
Finally, the Holiday Let two-year fixed rate, has been reduced to 5.69% (from 5.89%) with up to 75% LTV and a product fee of £1,195, offering new terms for borrowers looking to finance holiday let properties as the season winds down.
Commenting on the product rate tweaks Buckinghamshire BS head of mortgage sales Claire Askham commented. “The rate reductions will offer landlords, holiday let investors, and first-time buyers and home movers more flexibility and competitive financing options, particularly for those with complex financial circumstances.
She added: “We remain focused on delivering products that reflect the needs of the market, whether it’s helping landlords with non-standard credit or providing stability with our 95% LTV option.”
