Buckinghamshire Building Society has announced changes across its mortgage range, including three-year fixed buy-to-let rates of 6.29% for limited company borrowers and 6.89% for portfolio landlords.
The Society's three-year fixed limited company buy-to-let product will be available at 6.29%, while its portfolio buy-to-let and expat portfolio buy-to-let three-year fixed products will both move to 6.89%. The Society has also updated selected two-year Holiday Let products.
The changes also affect its Everyday Residential, Retirement, Retirement Interest Only, Credit Restore and First Time Buyer ranges. The three-year fixed Everyday Residential and First Time Buyer products at up to 95% loan-to-value (LTV) will both move to 6.29%.
Three-year fixed Retirement and Retirement Interest Only rates will move from 5.99% to 6.19%, while three-year fixed Credit Restore products will now start from 6.39%.
The Society has also moved its one-year Short Term Lending discount product from 5.89% to 5.99%, and made changes across selected two-year Everyday Residential and Credit Revive products. It expanded its three-year offering in September, introducing new options across a number of key lending areas.
"Since introducing more three-year options to our range, we've been really pleased with the response we've seen from brokers," said Claire Askham, head of mortgage sales at Buckinghamshire Building Society (pictured).
"It shows there is a clear appetite for products that sit between the more traditional two- and five-year options.
"Three-year fixed products can offer an alternative for clients who want the certainty of a fixed rate but may not necessarily want to commit for five years, so we'd encourage brokers to keep including them when sourcing and discussing the options available to their clients.
"While we've made a number of rate changes across the range, our approach remains the same – to provide brokers with a broad range of options across the more complex areas of the market and to consider each case on its individual merits through manual underwriting."
