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

Buckinghamshire Building Society Unveils 3-Year Discounted Mortgage Products

Buckinghamshire Building Society has introduced new three-year discounted mortgage products, targeting both retirement and credit restore borrowers. The new offerings include options with loan-to-value (LTV) ratios up to 75% and product fees of £999.

The retirement three-year discount product is available up to 75% LTV at a rate of 5.09%, with a product fee of £999. For those seeking credit restore mortgages, there are two three-year discount products: one at 60% LTV with a rate of 5.49%, and another at 75% LTV with a rate of 5.89%. Both credit restore products also carry a £999 product fee.

These new mortgage products may be of interest to letting agents and inventory clerks working with clients who require flexible mortgage solutions, particularly in the retirement and credit restore segments. The three-year term offers an alternative to the more commonly available two- and five-year products.