Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Buckinghamshire BS Cuts Rates on Residential and Specialist Mortgages

Buckinghamshire Building Society has announced reductions to mortgage rates across its residential, impaired credit, and buy-to-let (BTL) product ranges. The changes include lower rates for customers with higher levels of equity and apply to both individual and limited company borrowers.

The mutual has reduced its Everyday Residential discounted products by 40 basis points. Rates now start from 4.89% for loans up to 70% loan to value (LTV) and from 4.99% for loans up to 80% LTV.

Within its impaired credit range, the Credit Revive Residential product at less than 85% LTV over a two-year fixed term has been reduced from 6.19% to 6.09%, with a £499 product fee. The Credit Restore Residential product at less than 60% LTV over a three-year fixed term has been reduced from 6.29% to 6.19%, also with a £499 product fee.

For landlords and property investors, the limited company BTL product over a three-year fixed term has been reduced from 6.19% to 6.09%, with a £1,500 product fee. The limited company holiday let product over a two-year fixed term has been reduced from 6.09% to 5.99%, with a £1,500 product fee. The portfolio BTL product over a three-year fixed term has been reduced from 6.89% to 6.69%, with a £1,500 product fee.

These changes may be of interest to letting agents and inventory clerks working with landlords and property investors, particularly those seeking new mortgage deals or refinancing options for residential, buy-to-let, or holiday let properties.