Brilliant Solutions offers packaging expertise on Buckingham BS products so we are available to help with your cases and you can also access their products through our direct to lender mortgage club which not only gives you the support you need but pays you on the day of completion.
This is the latest announcement from Buckinghamshire BS.
Announcement
Buckinghamshire Building Society Launch NEW Fee Free Shared Ownership Proposition
Buckinghamshire Building Society have today launched a new Shared Ownership proposition with rates slashed by
30bps from their previous offering.
In addition to the lower rates, the product also attracts no application fees, no product fees and no valuation fees!
The 5-year fixed rate is available for both purchase and remortgage cases from today, for properties across England
and Wales.
Key features include:
- Fixed Rate of 5.20% until 31st May 2028*
- Available for share purchase of 25%-75%
- Maximum loan to Share (LTS) of 95%
- Loans from £50,000-£500,000
- Maximum 6 storeys for flats (4 for ex-local authority)
- Lease must allow for staircasing to 100%
- Standard credit criteria applies
- Other fees & T&Cs apply
Claire Askham, Head of Mortgages Sales, commented:
“One of our core values as a Society has always been to help first time buyers achieve their dreams of home
ownership and I fully believe that today’s new product launch does exactly that.
“With costs continuing to rise on everyday basics and increased pressure on renters due to reduced housing stock as
landlords continue to sell up following changes in taxation and EPC regulation, it’s harder than ever to save a
substantial deposit. This is where products like Shared Ownership really add value to the marketplace.
“Here at Buckinghamshire Building Society, we’ve changed our approach when designing our mortgage products to
keep the customer at the forefront of everything we do – we call it ‘crafted lending’.
“We look at the barriers of home ownership for a typical shared ownership client and then look at the tools we have
available to make that journey easier. As the scheme is typically targeted at buyers with a smaller deposit, it stands to
reason that additional upfront fees make it more difficult for these buyers to get on the property ladder. Removing
those fees removes those barriers, making home ownership more accessible to more people.
“The current market needs innovative solutions and this is just our first step. We’ve got so much more to come this
year across all areas of the Society, it’s an exciting time to be part of the Bucks.”