Buckinghamshire Building Society has made headlines with significant rate reductions for its residential and buy-to-let (BTL) mortgage offerings. This initiative aims to assist various borrowers in a challenging economic landscape.
Bucks BS Reduces Rates for Residential and BTL Mortgages
Details of the Rate Reductions
The society has decreased rates on multiple mortgage products. Key reductions include:
- Everyday Buy to Let two-year discount: Reduced from 5.24% to 4.89%
- Limited Company Buy to Let two-year discount: Reduced from 5.64% to 4.99%
Additionally, other mortgage options, such as Everyday Residential, Deposit Lite, JBSP Deposit Lite, and Expat products, have also seen reductions.
Expanded Product Range for Borrowers
Recently, Buckinghamshire Building Society expanded its Credit Revive range. This move introduced new products tailored for later life borrowers and buy-to-let applicants, enhancing choices for customers with credit challenges.
Commitment to Borrower Support
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, emphasized the society’s dedication to supporting borrowers in a challenging financial environment. “These rate reductions are designed to improve access to competitive pricing for various borrowers,” she stated.
The society supports first-time buyers using family assistance, landlords investing via limited companies, and those with unique circumstances.
