Buckinghamshire Building Society launches new BTL product

Buckinghamshire Building Society has launched a new buy-to-let (BTL) mortgage product aimed at those with non-standard credit.

The launch follows an increase in applications from borrowers who have had a life event that has impacted their credit profile in the past.

The new BTL product offers either fixed or discount interest rate for the next three years.

The 75% loan to value three-year is priced at 3.99% and charges a product fee of £1,195.

Meanwhile, the 75% LTV three-year discount product, having a 2.75% discount, offers an initial rate of 3.39%, and also comes with a £1,195 product fee.

Buckinghamshire Building Society head of mortgage sales Claire Askham says: “We recognise that sometimes life events do impact credit history and this product means that our underwriters can take a common sense approach to lending and make a decision to support individuals in the right circumstances.”