Buckinghamshire Building Society cuts adverse credit mortgage fees

Buckinghamshire Building Society has announced that it has halved product fees across its Credit Revive and Credit Restore residential mortgage ranges, cutting the cost from £999 to £499, with the move aimed at easing affordability pressure for borrowers with historic credit challenges.

The reductions apply across all residential products within both ranges and are intended to help brokers support clients who have experienced financial setbacks but are now in a stronger position to move forward.

Credit Revive is available up to 85% LTV, with two-year fixed and discounted rate options. A retirement discounted product is also offered up to 70% LTV on a five-year term. The Credit Restore range is available up to 75% LTV and includes both two-year fixed and discounted products for borrowers looking to rebuild their credit profile.

Both ranges target applicants who fall outside mainstream lending criteria, including those with historic missed payments, debt management plans or previous adverse credit events, and are designed to offer a practical route back into homeownership or remortgaging.

Claire Askham, head of mortgage sales at Buckinghamshire Building Society (pictured), said: "Over the past few years, many borrowers have faced financial pressures that have left a lasting impact on their credit profile, despite now being in a much more stable position.

"By reducing product fees across both Credit Revive and Credit Restore, we're helping brokers support clients who may already be managing affordability challenges while trying to improve their financial position. These products are designed to recognise that people's circumstances can change, and that historic credit blips shouldn't necessarily prevent someone from accessing a mortgage solution today."