Buckinghamshire Building Society has launched three new three-year discounted mortgage products across its Retirement and Credit Restore ranges, while encouraging brokers to consider three-year options when sourcing solutions for their clients.
The new products are:
- Retirement 3-Year Discount up to 75% LTV at 5.09%, with a £999 product fee
- Credit Restore 3-Year Discount up to 60% LTV at 5.49%, with a £499 product fee
- Credit Restore 3-Year Discount up to 75% LTV at 5.89%, with a £499 product fee
The new products provide brokers with greater choice when supporting clients across two of the Society’s key lending areas.
Its Retirement range is designed to support older borrowers with a variety of borrowing needs, while Credit Restore provides solutions for borrowers who may have experienced historic credit difficulties and require a more individual approach to underwriting.
With two- and five-year products often forming the starting point for mortgage searches, Buckinghamshire Building Society is reminding intermediaries that considering three-year alternatives can uncover additional options that may better suit an individual client's circumstances and plans.
Claire Askham, Head of Mortgage Sales at Buckinghamshire Building Society, said:
“Two- and five-year products naturally receive a lot of attention when brokers are sourcing a mortgage, but we don't want three-year options to be overlooked. Every client is different, and for some borrowers three years may provide a useful middle ground.
“Our message to brokers is simple: when you're sourcing a case, make sure you include three-year products in your search. There could be an option sitting there that works particularly well for your client, and you don't want to miss it simply because the initial search was limited to two and five years.”
