Buckinghamshire Building Society announces comprehensive repricing across BTL, Holiday Let, and First-Time Buyer products

14 October 2024

Buckinghamshire Building Society has announced an extensive product repricing, with rate reductions of up to 70 basis points (bps) across its Buy-to-Let, Holiday Let, and First-Time Buyer products.

In response to market demands, these reductions have been introduced to provide more accessible and affordable financing options, particularly in niche lending areas like BTL for non-standard credit applicants and Holiday Let mortgages. First-time buyers also benefit from the repricing, as the Society continues to support borrowers with competitive products.

The Prime 95 for Purchase 5-Year Fixed Rate, offers a reduced rate of 5.29% (down from 5.59%) with up to 95% LTV, providing stability 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 3-Year Fixed Rate, offers a reduced 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 5-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 2-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 attractive terms for borrowers looking to finance holiday let properties as the season winds down.

Claire Askham, Head of Mortgage Sales at Buckinghamshire Building Society, commented:

“We’re excited to introduce these repriced products as part of our ongoing commitment to supporting borrowers across different sectors. 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.

“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.”

For more information on these products visit the Buckinghamshire Building Society website here.