Buckinghamshire has launched into the new build market with two new products.
The specialist lender is offering a three-year discount of 1.5 per cent from its standard variable rate of 4.99 per cent and a 3.89 per cent fixed rate until 31 August 2020.
The three-year discount comes with early repayment charges (ERCs) of 1.5 per cent in year one, 1 per cent in year two and 0.5 per cent in year three, while the fixed rate product’s ERCs start at 3 per cent on 31 August 2018 and falls by 1 per cent a year to 2020.
Both products come with fees of £850 and are available at a maximum loan-to-value of 85 per cent.
Tim Vigeon, head of lending at Buckinghamshire Building Society, said: “This is another product in our range aimed at helping those borrowers whose circumstances may not be straight forward and as a specialist lender we like to think outside the box when trying to help borrowers.”
Karl Wilkinson, IFA at Milton Keynes-based Blueberry Mortgages, said: “Buckinghamshire do offer mortgages for customers with slight adverse so this may be a good option for someone who would be struggling with the high street lender.”
simon.allin@ft.com
