"By improving the pricing across Credit Revive and Credit Restore, we’re making it easier to support borrowers who don’t always fit the mould but have strong potential to sustain a mortgage"
- Claire Askham - Buckinghamshire Building Society
Buckinghamshire Building Society has launched a new two-year fixed rate for its Everyday Buy to Let range and made reductions across its Credit Revive and Credit Restore mortgage products.
The new Everyday Buy to Let product is priced at 5.49% up to 80% loan-to-value (LTV), available for loans between £50,000 and £500,000, and comes with a £1,195 product fee. Aimed at landlords seeking short-term certainty, this product is the latest addition to the Society’s offering.
Alongside the launch, Buckinghamshire has lowered rates on several products designed for borrowers with previous credit challenges. Its Credit Revive two-year fixed rates now stand at 5.59% up to 70% LTV and 6.09% up to 85% LTV. For the Credit Restore range, the two-year discounted rate is now 6.25% and the three-year fixed rate is 6.39%, both available up to 70% LTV.
These changes are aimed at supporting brokers working with clients who are recovering financially and may not meet mainstream criteria.
“We know how important it is for brokers to have reliable options for clients who are on the road to financial recovery," comments the society's head of mortgage sales, Claire Askham (pictured). "By improving the pricing across Credit Revive and Credit Restore, we’re making it easier to support borrowers who don’t always fit the mould but have strong potential to sustain a mortgage.
“Our new fixed rate for Everyday Buy to Let also gives brokers more choice for landlords seeking short-term rate stability. We’re committed to refining our offering in areas that matter most to brokers and their clients.”
