Buckinghamshire Building Society has launched a three-year fixed rate mortgage range while reducing the cost of its credit repair deal.
For first-time buyers, a three-year fix at 5.99% is available up to 95% loan to value (LTV) with no product fee. A fee of £999 applies to borrowers who are purchasing their next property. The society is also offering a 6.05% retirement interest-only (RIO) deal up to 60% LTV with a £499 fee.
A rate reduction has been applied to the two-year discounted Credit Revive rate up to 70% LTV from 5.99% to 5.79%. The product carries a £999 fee.
Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, said: “Brokers tell us time and again that one size rarely fits all. While two-year and five-year fixed products remain popular, many clients are looking for something in between – a product that offers payment security for longer than two years, without the commitment of fixing for five.”