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

15 October 2024

Following the recent rate reductions across our Prime and Impaired product ranges, we are pleased to announce a further product repricing, with rate reductions of up to 70 basis points (bps) across our 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.

Should you have any questions or require more specific details about our latest mortgage products, or to discuss a case, please contact your dedicated Key Account Manager or call 01494 879500.