Buckinghamshire Building Society has announced that it has reduced rates across its buy-to-let and residential mortgage ranges, as lenders respond to pressure on borrower affordability.
The latest changes focus on discounted buy-to-let products, with two headline cuts:
Everyday Buy to Let two-year discount reduced from 5.24% to 4.89%
Limited Company Buy to Let two-year discount reduced from 5.64% to 4.99%
The Society also applied reductions across a wider selection of mortgage products, including Everyday Residential, Deposit Lite, JBSP Deposit Lite, Everyday Buy to Let, Expat and Limited Company BTL ranges.
These adjustments follow the recent expansion of the Society’s Credit Revive range, which introduced new products aimed at later life borrowers and buy-to-let applicants with credit challenges. The additions broaden options for customers who fall outside standard lending criteria.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society (pictured), said: “In a climate where borrower confidence and affordability remain under pressure, we’re committed to making our products work harder for brokers and their clients.
“These rate reductions are about giving more borrowers access to competitive pricing, whether they’re first-time buyers using family support, landlords investing through a limited company or clients with non-standard circumstances.
“Combined with this week’s Credit Revive expansion, we’re delivering meaningful improvements across the board, with flexible underwriting and real-world lending at the heart of it all.”
The Society said the revised pricing is intended to support brokers working with a mix of first-time buyers, landlords and applicants with more complex financial profiles, as market conditions continue to test affordability.
