Buckinghamshire cuts adverse credit rates and launches 'Everyday' buy-to-let product

Buckinghamshire Building Society has launched a two-year 'Everyday buy-to-let' fixed rate, along with repriced products across its Credit Revive and Credit Restore ranges.

The Everyday buy-to-let two-year fixed rate is available at 5.49% up to 80% LTV, with loan amounts from £50,000 to £500,000 and a product fee of £1,195. This is a new addition to the Society’s range and is aimed at landlords seeking more flexibility without committing to longer-term fixes.

The Society has also repriced a number of its Credit Revive and Credit Restore products, with reductions of up to 40bps. These include the Credit Revive two-year fixed rates, now available at 5.59% up to 70% LTV and 6.09% up to 85% LTV. 

The Credit Restore range has also been updated, with the two-year discounted rate now at 6.25% and the three-year fixed rate now 6.39%, both available up to 70% LTV.

These products are designed for borrowers with historic credit challenges who are now in a more stable financial position. 

Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, commented: “We know how important it is for brokers to have reliable options for clients who are on the road to financial recovery. By improving the pricing across Credit Revive and Credit Restore, we’re making it easier to support borrowers who don’t always fit the mould but have strong potential to sustain a mortgage.

“Our new fixed rate for everyday buy-to-let also gives brokers more choice for landlords seeking short-term rate stability. We’re committed to refining our offering in areas that matter most to brokers and their clients.”