The reductions apply to standard residential, later life, first-time buyer, and expat BTL products
Buckinghamshire Building Society has reduced rates by up to 20 basis points across various mortgage products.
The rate cuts, effective immediately, apply to standard residential, later life, first-time buyer, and expat buy-to-let products, offering more competitive options for a diverse range of buyers.
The prime 90% loan-to-value (LTV) five-year fixed rate has been reduced from 5.24% to 5.05%, while the prime 90% LTV three-year discount rate has been lowered from 5.99% to 5.79%.
The mutual’s prime 95% LTV (purchases only) three-year fixed rate has been cut from 5.89% to 5.74%, while the JBSP Deposit Lite five-year fixed rate has dropped from 5.99% to 5.89%.
The lender’s retirement interest-only five-year discount rate is now 5.59%, down from 5.69%, and the expat buy-to-let three-year fixed rate has been reduced from 6.19% to 6.09%.
“We’re delighted to reduce rates across our mortgage range, ensuring we deliver ever greater value to brokers and their clients,” said Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society.
“Applying these cuts across such a wide range of products means that brokers have more attractive options for their clients, whether they are first-time buyers, landlords, later life borrowers, or expats. At a time when price really matters, this is sure to be a welcome move.
“Combined with our human approach to underwriting, where each case is assessed on individual circumstances, Buckinghamshire Building Society continues to stand out from the competition in delivering accessible, affordable mortgage products.”
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