95% LTV product range extended across England and Wales
08 April 2021
We have now launched a range of 95% LTV products, particularly with first time buyers in mind.
With three 3-year fixed products available, a stand-alone 95% LTV offering across England and Wales. In addition, lower rates are available to our current members and their families, as well as for any properties purchased in the county of Buckinghamshire.
‘As a mutually owned Building Society, we are committed to doing whatever we can to help people get onto the property ladder after what has been an incredibly challenging year. Needing just a 5% deposit for a property makes purchasing a home more attainable for many who can sustainably afford a mortgage but have not accumulated a large deposit. Our aim is to help those people to get the support they need, which is ultimately good for our community and our economy as we emerge from the COVID period” said Tim Vigeon (Head of Lending), Buckinghamshire Building Society.
The 95% range offers a maximum loan size of £500,000, with LTI limits applying on all cases. Income multiples will be capped at 4.5 x sole application and 4 x joint application.
We anticipate that the demand for these products will be high and encourages brokers to submit applications for this limited tranche of lending as soon as possible.
To see the full product range, visit our Intermediaries portal here. Or contact your Key Account Manager here.
About the Buckinghamshire Building Society
The Buckinghamshire Building Society is an award winning, mutually owned independent Building Society, first founded in 1907. The society is based in the beautiful Buckinghamshire village of Chalfont St Giles and offers simple savings accounts to its members, as well as specialist mortgage products to customers, through intermediaries. We are dedicated to providing excellent customer service and pride ourselves on the work we do to give back to our local community.