Buckinghamshire BS launches new three-year fixed rate mortgages

Buckinghamshire Building Society has launched a new range of three-year fixed rate mortgage products.

The new three-year rates start from 5.99% for first and next-time buyers, available up to 95% LTV.

In the Society's retirement range, a three-year fix is available at 6.05% up to 75% LTV with a £999 fee, with a retirement interest-only product also launching at 6.05%, available up to 60% LTV with a £499 fee.

In addition, Buckinghamshire Building Society has reduced the rate on its Credit Revive two-year discounted product at 70% LTV, down from 5.99% to 5.79% with a £999 fee.

Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “Brokers tell us time and again that one size rarely fits all. While two-year and five-year fixed products remain popular, many clients are looking for something in between – a product that offers payment security for longer than two years, without the commitment of fixing for five.

“Our new three-year fixed range has been designed to give brokers more flexibility when placing cases, whether they are helping a first-time buyer take their first step onto the ladder, supporting a customer in later life, or finding the right fit for a mainstream residential borrower.

“Alongside this, our reduced Credit Revive rate demonstrates our ongoing commitment to borrowers who may need a more considered approach. Through manual underwriting and The Bucks Way of lending, we remain focused on helping brokers find solutions for a wide range of client circumstances.”