Buckinghamshire Building Society are constantly looking at ways to enhance and improve our mortgage range. Following feedback from their broker community, they have launched two new specialist fixed rate products.
Firstly, they have a 2-year fixed rate holiday let product, which is available for both purchase and remortgage cases for properties across England and Wales.
Key features include:
- Fixed until 28th February 2025
- Maximum loan to value (LTV) of 75%
- Loans from £50,000-£750,000
- Applications accepted from individuals or limited companies
- Property must qualify as a Furnished Holiday Let under the HMRC definition
- Properties located on holiday parks/complexes, B&B, Airbnb, flats, leasehold properties and properties that have an occupancy restriction are not acceptable
- Standard credit criteria applies
- Other fees & T&Cs apply
Their second new product is a 5-year fixed rate ex-pat buy-to-let offering, which is available for both purchase and remortgage cases for properties across England and Wales.
Key features include:
- Fixed until 29th February 2028
- Maximum loan to value (LTV) of 75%
- Loans from £50,000-£500,000
- Maximum term of 40 years
- Interest only, capital repayment or part & part considered
- Standard credit criteria applies
- Other fees & T&Cs apply
- Limited company applications are not acceptable on this product although a discount product for limited companies is still available
Before submitting an application for a buy-to-let product, you must first check your case meets our eligibility requirements by filling out our BTL Affordability Assessment & Calculator. Our calculators have been recently updated and will now give you an instant indication of whether your case is proceedable to full application.
In addition to the launch of these new products, we have also refreshed the interest rates on a number of products across our residential and buy-to-let product range. To see our new rates and view full details of all of our products, please visit our intermediary website by clicking here