Buckinghamshire BS cuts limited company buy-to-let rates by up to 0.40%

Buckinghamshire Building Society has reduced rates by up to 40 basis points across its limited company buy-to-let and holiday let range, with pricing now starting from 5.79%.

The biggest reduction sees the Society’s five-year fixed limited company buy-to-let rate fall from 6.39% to 5.99%. 

A new two-year discounted option at 5.79% has also been added to broaden the choice for clients looking for a short-term deal.

Elsewhere in the range, a three-year expat product has reduced to 5.89% and a two-year fixed rate holiday let product is down to 5.79%.

All limited company products carry a flat product fee of £1,500, while non-limited company products carry a flat fee of £1,195. A 125% interest coverage ratio (ICR) applies for limited company applicants.

Claire Askham, head of mortgage sales at Buckinghamshire Building Society, commented: “We know the market is constantly shifting, and these changes reflect our efforts to keep our products competitive and useful for brokers. We’ve refined our limited company rates and introduced a new two-year discount to give more flexibility, especially for clients who want to keep upfront costs down or manage their cash flow in the early years.

“We’re always listening to the conversations brokers are having with their clients. Whether it’s limited company cases, expat lending or more complex scenarios, we want to offer straightforward, good-value options that help brokers move things forward.”