"At Bucks, we pride ourselves on helping customers who don’t always fit the norm. Many just simply need a common-sense approach to underwriting and a lender that understands the nuances of their circumstances"
- Claire Askham - Buckinghamshire Building Society
Buckinghamshire Building Society has introduced new two-year fixed-rate mortgage products for its Credit Restore range, reducing rates by up to 20 basis points.
The new rates are effective immediately, with the two-year fix now priced at 6.19% for loans up to 60% loan-to-value (LTV), and 6.69% for loans up to 75% LTV. The products are available for both purchase and remortgage, with a maximum loan size of £750,000.
The Credit Restore range is aimed at borrowers with impaired credit histories. It is intended to support clients who may require higher LTV mortgages to consolidate existing debt or improve their financial standing.
The pricing change follows last month’s adjustment to the range, which saw the maximum LTV increased from 70% to 75%, giving brokers more scope to assist clients facing credit challenges.
“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,” said Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society. “At Bucks, we pride ourselves on helping customers who don’t always fit the norm. Many just simply need a common-sense approach to underwriting and a lender that understands the nuances of their circumstances.”
The lender said these latest changes reflect its continued focus on supporting underserved borrowers who might not meet the criteria of more mainstream lenders.
