Buckinghamshire Building Society

The Buckinghamshire Building Society began in 1907 as Chalfont and District Permanent Building Society. In 1961, it was renamed Buckinghamshire, and it expanded to include a second branch. Presently, there are more than 8,000 members in the society and their assets have grown dramatically. Buckinghamshire’s “emphasis is firmly on providing value to existing and new Members through competitive products…”

The Buckinghamshire Building Society offers several types of mortgages, and they “pride (themselves)… on being able to give every mortgage applicant personal service.” They offer standard variable rate, term discount, bank base rate tracker, standard buy to let, buy to let term discount, buy to let bank base rate tracker, stepped discount, three year discount, and five year discount.

Buckinghamshire Building Society’s standard variable rate product is for an owner occupied property only, and the current rate is 7.30% annually. This mortgage is available for buyers of new properties or for those that want to re-mortgage in either England or Wales. There is a £100 arrangement fee; however, there is no early repayment charge.

The term mortgage from Buckinghamshire gives a discount of .50% from the society’s standard variable rate. This mortgage is again only available to an owner occupied property and the discount is for the life of the mortgage. There is an arrangement fee of £250; but, there is no early repayment charge.

Buckinghamshire’s bank base rate tracker gives you the Bank of England’s base rate, plus .35%. You are allowed to borrow up to 80% of the value of the home, also considering your income(s). There are some early repayment considerations, as well as a £250 arrangement fee.

The standard buy to let mortgage offered by Buckinghamshire has a current rate of 8.3%, variably annually. There are certain restrictions on the amount one can borrow, considering rental, supplemental, and regular income.

If these or any other of Buckinghamshire Building Society’s mortgages look good to you, use our tools on SimplyFinance.co.uk to find the best company and product for you, keeping in mind that this article should not be interpreted as financial advice or as a recommendation by SimplyFinance to use any individual service or to invest with any company advertised or mentioned.

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