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
Launching Bucks Solutions for Buy to Let
We have expanded our popular ‘non-standard credit’ Bucks Solutions 1 range to accommodate both buy-to-let purchase and remortgage applications.
Bucks Solutions 1 is ideal for applicants with a less than perfect credit history and allows our underwriters to use their discretion on a variety of issues including:
- Max status 1 on secured and unsecured loans in the last 3 years
- Missed payments on utilities, mail order and communications accepted
- Debt Management Plans considered if satisfied by completion
- Satisfied IVA or Discharged Bankrupt’s considered after 4 years if no additional adverse credit since
If there has been no further instances of the below in the last 12 months we can also look at:
- Up to £1,000 of defaults outstanding in the last 3 years
- Up to £250 of CCJ’s outstanding in total in the last 3 years
- Mortgage arrears up to max status 1 in the last 3 years
- Payday loans up to max status 1 in the last 3 years
Other key features include:
- New build flats and houses acceptable
- Available across England and Wales
- Maximum LTV of 75%
- Loans of £50,000 – £500,000
- Maximum term of 40 years
Please note that our buy-to-let mortgages are now stressed at 5.5% or Pay Rate +2.5% whichever is higher.