Buckinghamshire Building Society enters the Limited Company BTL market with rates starting at 5.49%
14 January 2025
Effective today, Tuesday, 14th January 2025, Buckinghamshire Building Society has entered the Limited Company Buy-to-Let (BTL) market with the launch of a new, dedicated product range. This initiative is designed to support landlords, including expatriate investors and those with holiday let properties, as they navigate the evolving property landscape.
In response to growing demand for more tailored financing solutions, the Society is introducing four Limited Company BTL products:
- Limited Company BTL – 5-year fixed rate of 5.49%, up to 80% LTV
- Limited Company Expat BTL – 3-year fixed rate of 6.09%, up to 75% LTV
- Limited Company Expat Holiday Let – 2-year discounted rate of 6.09%, up to 75% LTV
- Limited Company Holiday Let – 2-year fixed rate of 5.79%, up to 75% LTV
The new range includes options for day 1 SPVs, First-Time Buyers (FTB), and First-Time Landlords (FTL), ensuring greater accessibility for borrowers at different stages of their property investment journey. With competitive fixed rates, a flat product fee of £1,195, and flexible criteria designed to cater to a broad range of needs, the Society aims to provide brokers with a clear and compelling proposition.
Buckinghamshire Building Society also offers a competitive 125% Interest Coverage Ratio (ICR) for limited company applicants, providing greater flexibility for landlords seeking to optimise their cash flow.
While this range offers competitive solutions for incorporated landlords to manage their properties, Buckinghamshire Building Society does not lend to portfolio landlords. Instead, the focus remains on providing tailored products for landlords seeking financing for individual properties, ensuring a streamlined, high-quality service.
In addition to launching the new limited company product range, Buckinghamshire Building Society continues to offer its standard product range, which includes Buy-to-Let, Expat, and Holiday Let options. By maintaining a broad product portfolio, the Society ensures that it caters to a wide variety of borrower needs, whether they are individuals or limited companies, offering brokers and their clients a comprehensive suite of solutions.
Buckinghamshire Building Society is an award-winning mutual lender that offers a diverse range of mortgage products including prime residential, holiday lets, and buy-to-let. Known for personalised service and flexible lending criteria, they provide tailored solutions by manually underwriting all cases to meet unique customer needs.
Claire Askham, Head of Mortgage Sales at Buckinghamshire Building Society, commented:
“We’ve been carefully considering the launch of a limited company product range for some time, as we’ve observed a growing trend of landlords incorporating their portfolios in response to changes in tax regulations. This new range, which includes products for standard and expat buy-to-let as well as holiday let, allows us to provide focused support for these landlords while offering brokers a clear and compelling solution for their clients.
“We’re always actively reviewing our criteria to ensure we meet the evolving needs of landlords across the market. It’s about recognising a market shift and equipping brokers with the right tools to stay ahead.”
For more information on these products, visit the Buckinghamshire Building Society website here.
