Bucks BS Reduces Rates on Residential and Buy-to-Let Mortgages
Buckinghamshire Building Society has made significant changes to its mortgage offerings by reducing rates on various residential and buy-to-let products. These adjustments aim to enhance accessibility for borrowers while addressing the challenges posed by the current economic climate.
Bucks BS Reduces Rates on Residential and Buy-to-Let Mortgages
The society has implemented lower rates for multiple mortgage options, notably in their buy-to-let segment. Key reductions include:
- Everyday Buy to Let two-year discount: decreased from 5.24% to 4.89%
- Limited Company Buy to Let two-year discount: reduced from 5.64% to 4.99%
Additionally, rate cuts span across a variety of other mortgage products, including:
- Everyday Residential
- Deposit Lite
- JBSP Deposit Lite
- Expat Buy to Let
- Limited Company Buy to Let
Enhancing Options for Borrowers
This rate reduction follows the recent expansion of Buckinghamshire Building Society’s Credit Revive range. The introduction of new products specifically targets later life borrowers and buy-to-let applicants, catering to individuals facing credit challenges.
Claire Askham, the head of mortgage sales at Buckinghamshire Building Society, expressed the organization’s commitment to supporting borrowers. She remarked, “In a climate where borrower confidence and affordability remain under pressure, we’re committed to making our products work harder for brokers and their clients.”
The objective behind these changes is to enable more borrowers to access competitive mortgage pricing. This includes first-time buyers who may require family support and landlords choosing to invest through limited companies, as well as clients with non-standard conditions.
Overall, these adjustments reflect Buckinghamshire Building Society’s efforts to facilitate better financial options for various customer needs, fostering a more supportive lending environment.
