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  • 3.49% 5 year discount of 1.50% from SVR [D050]

    • Overview
    • Interest Rates
    • How to Apply
    Full Details
    • Initial rate a discount of 1.50% from SVR for 5 years
      3.49% variable
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      4.99% APRC
    • Maximum LTV
      80% including fees
    • The overall cost for comparison is
      4.2% APRC
    • Product Fee - may be added to the loan
      1% of loan amount min fee £1500
      max fee £3000
    • Application Fee - payable upfront and non-refundable
      £150
    • Early Repayment Charge
      Charges will apply to any lump sum or full redemption paid over 10% of the capital balance 1% in 1st year
      0.50% in 2nd year

    Fees

    • Application fee £150. This is payable upfront and is non-refundable.
    • Product fee 1% of loan amount with minimum fee of £1500 and max fee £3000. This may be added to the loan subject to the maximum LTV.
    • Valuation fees are payable on a set scale as detailed in the separate Fees Guide.
    • Solicitors fees are not based on a set scale and solicitors must be approved by Buckinghamshire Building Society.
    • Proc fees are 0.80% up to a maximum of £3,000.

    Other charges may be made in respect of mortgage services. See our Fees Guide for details.

    Acceptable Credit Criteria

    This product accepts our non standard adverse credit click here for details

    Early Repayment Charge (ERC)

    A charge of 1.00% of any lump sum or full redemption repaid over 10% of the capital balance is payable in the first year of the discount period. This charge reduces to 0.50% in the second year. Early Repayment Charges are payable on any lump sum or full redemption repaid over 10% of the capital balance.

    Overpayments

    During the early repayment charge (ERC) period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an ERC. Should the total of lump sum overpayments exceed 10% within this period the excess will attract an ERC. Once the ERC period has ended overpayments can be made without restriction at any time. If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.

    Affordability

    The amount we lend will be based on our assessment of affordability. Income multiple cap is 4.5 x first income plus 3 x second income or 4 x the joint income.

    Repayment

    These mortgages are available on a capital and interest repayment basis or interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.

    Proof of Income

    • Employed applicants must have 3 months with current employer.
    • Last 3 months bank statements.
    • Completed Budget Planner.
    • Last P60 and 3 months payslips for all employed applicants.
    • Certified photographic proof of identity.
    • We will carry out electronic verification to prove the applicant’s identity, but we may also ask for documentary evidence of identity. This can include the applicant’s latest mortgage statement, certified proof of residency or other loan or card statements.
    • References may be taken up and credit searches will be made. Cases may be declined due to previous adverse credit or information that is not disclosed on the application form.

    Age Limits

    The minimum age is 18 for all applicants. There is no maximum age. Cases are considered on individual circumstances.

    Insurance

    We recommend that the applicant has buildings insurance on the property. It is not a requirement to buy any insurance through Buckinghamshire Building Society.

    Mortgage Term

    The maximum mortgage term is 40 years dependent on individual circumstances.

    Portability

    This product is portable, meaning that if the applicant moves home they can take it with them, subject to our lending criteria at the time.

    Loan Size

    Minimum loan size £50,000.
    Maximum loan size £500,000.

    Property type

    Standard construction houses or flats. For leasehold properties the Society requires a minimum unexpired period of 85 years at the time of purchase and at least 55 years unexpired lease remaining after the expected redemption date. Flats over 4 storeys may be considered on an individual basis but are not acceptable if they are local authority or ex-local authority.

    For new build properties the Society requires a minimum lease term of 125 years, a maximum starting ground rent of 0.1% of the property value and no unreasonable ground rent escalators or other event fees. 

    Interest

    Interest is calculated daily on the balance outstanding and added to the account the following month.

    • Initial Rate, a discount of 1.60% from SVR for 3 years
      3.39% variable
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      4.99% variable
    • Maximum LTV
      80% including fees
    • The overall cost for comparison is
      4.7% APRC
    • Product Fee - may be added to the loan
      1% of loan amount min fee £1500
      Max fee £3000
    • Application Fee - payable upfront and non-refundable
      £150
    • Early Repayment Charge
      Charges will apply to any lump sum or full redemption paid over 10% of the capital balance 1% in 1st year
      0.50% in 2nd year

    Fees

    • Application fee £150. This is payable upfront and is non-refundable.
    • Product fee 1% of loan amount with minimum fee of £1500 and max fee £3000. This may be added to the loan subject to the maximum LTV.
    • Valuation fees are payable on a set scale as detailed in the separate Fees Guide.
    • Solicitors fees are not based on a set scale and solicitors must be approved by Buckinghamshire Building Society.
    • Proc fees are 0.80% up to a maximum of £3,000.

    Other charges may be made in respect of mortgage services. See our Fees Guide for details.

    Acceptable Credit Criteria

    This product accepts our non standard adverse credit click here for details

    Early Repayment Charge (ERC)

    A charge of 1.00% of any lump sum or full redemption repaid over 10% of the capital balance is payable in the first year of the discount period. This charge reduces to 0.50% in the second year. Early Repayment Charges are payable on any lump sum or full redemption repaid over 10% of the capital balance.

    Overpayments

    During the early repayment charge (ERC) period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an ERC. Should the total of lump sum overpayments exceed 10% within this period the excess will attract an ERC. Once the ERC period has ended overpayments can be made without restriction at any time. If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.

    Affordability

    The amount we lend will be based on our assessment of affordability. Income multiple cap is 4.5 x first income plus 3 x second income or 4 x the joint income.

    Repayment

    These mortgages are available on a capital and interest repayment basis or interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.

    Proof of Income

    • Employed applicants must have 3 months with current employer.
    • Last 3 months bank statements.
    • Completed Budget Planner.
    • Last P60 and 3 months payslips for all employed applicants.
    • Certified photographic proof of identity.
    • We will carry out electronic verification to prove the applicant’s identity, but we may also ask for documentary evidence of identity. This can include the applicant’s latest mortgage statement, certified proof of residency or other loan or card statements.
    • References may be taken up and credit searches will be made. Cases may be declined due to previous adverse credit or information that is not disclosed on the application form.

    Age Limits

    The minimum age is 18 for all applicants. There is no maximum age. Cases are considered on individual circumstances.

    Insurance

    We recommend that the applicant has buildings insurance on the property. It is not a requirement to buy any insurance through Buckinghamshire Building Society.

    Mortgage Term

    The maximum mortgage term is 40 years dependent on individual circumstances.

    Portability

    This product is portable, meaning that if the applicant moves home they can take it with them, subject to our lending criteria at the time.

    Loan Size

    Minimum loan size £50,000.
    Maximum loan size £500,000.

    Property type

    Standard construction houses or flats. For leasehold properties the Society requires a minimum unexpired period of 85 years at the time of purchase and at least 55 years unexpired lease remaining after the expected redemption date. Flats over 4 storeys may be considered on an individual basis but are not acceptable if they are local authority or ex-local authority.

    For new build properties the Society requires a minimum lease term of 125 years, a maximum starting ground rent of 0.1% of the property value and no unreasonable ground rent escalators or other event fees. 

    Interest

    Interest is calculated daily on the balance outstanding and added to the account the following month.

    • Initial Rate, a discount of 1.00% from our SVR
      3.99% variable
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      4.99% variable
    • Maximum LTV
      95% including fees
    • The overall cost for comparison is
      4.9% APRC
    • Application Fee - payable upfront and non-refundable
      £150
    • Product Fee - may be added to the loan
      £1,500
    • Early Repayment Charge
      Charges apply of 1% of any lump sum or full redemption over 10% of capital in the first year.

    Fees

    • Application fee £150. This is payable upfront and is non-refundable.
    • Society product fee £1,500. This may be added to the loan subject to the maximum LTV.
    • Valuation fees are payable on a set scale as detailed in the separate Fees Guide.
    • Solicitors and licensed conveyancers fees are not based on a set scale and solicitors must be approved by Buckinghamshire Building Society.
    • Proc fees are 0.80% capped at £3,000.
    • Other charges may be made in respect of mortgage services. See our Fees Guide for details.

    Higher Lending Charge

    The Society will purchase a Higher Lending insurance to provide additional security where the amount of the loan exceeds 80% of the valuation of the property.

    Affordability

    The amount we lend will be based on our assessment of affordability. Income multiple cap is 4.5 x first income plus 3 x second income or 4 x the joint income.

    Acceptable Credit Criteria

    This product accepts our minor adverse credit click here for details

    Maximum LTV

    £750k to 80% LTV

    £500k to 95% LTV

    Repayment

    This mortgage is available on a capital and interest repayment basis. Payments must be made monthly by direct debit.

    Early Repayment Charge (ERC)

    A charge of 1.00% of any lump sum or full redemption repaid over 10% of the capital balance is payable in the first year of the discount period. Early Repayment Charges are payable on any lump sum or full redemption repaid over 10% of the capital balance.

    Overpayments

    During the early repayment charge (ERC) period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an ERC. Should the total of lump sum overpayments exceed 10% within this period the excess will attract an ERC. Once the ERC period has ended overpayments can be made without restriction at any time. If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.

     Proof of Income

    • CV which evidences a continuous career in a similar role or area of business.
    • At least 7 months contracting experience with at least 1 renewal.
    • Current contract, which must have been in existence for a minimum of 1 month. Each contract will be considered on its own merits.
    • 6 months business and personal bank statements.
    • A minimum of 3 months invoices / payslips.
    • If operating through a limited company for more than 2 years, audited/certified accounts and certificate of incorporation.
    • If you are working under an umbrella company you will need 3 months bank statements.
    • A copy of VAT registration certificate if applicable.
    • Proof of appropriate PI cover.
    • Certified photographic proof of identity.
    • We will carry out electronic verification to prove your identity, but we may also ask for documentary evidence of identity.
    • Credit searches will be made and cases may be declined due to previous adverse credit or information that is not disclosed on the application form.

    Interest is calculated daily on the balance outstanding and added to the account the following month.

    Loan Size

    Minimum loan size £100,000.

    Maximum loan size £500,000 to 95% LTV; £750,000 to 80% LTV.

    Insurance

    We recommend that the applicant has buildings insurance on the property. It is not a requirement to buy any insurance through Buckinghamshire Building Society.

    Portability

    These products are portable, subject to our lending criteria at the time.

    Mortgage Term

    The maximum mortgage term is 40 years dependent on individual circumstances.

    Property type

    Standard construction houses or flats. For leasehold properties the Society requires a minimum unexpired period of 85 years at the time of purchase and at least 55 years unexpired lease remaining after the expected redemption date. Flats over 4 storeys may be considered on an individual basis but are not acceptable if they are local authority or ex-local authority.

    For new build properties the Society requires a minimum lease term of 125 years, a maximum starting ground rent of 0.1% of the property value and no unreasonable ground rent escalators or other event fees. Max loan size £500k for 85% LTV and £750k for 80% LTV.

    Age Limits

    The minimum age is 18 for all applicants. There is no maximum age. Cases are considered on individual circumstances.

    Payment Holidays

    • Payment holidays are permitted providing the LTV is no greater than 75% at the time of the request.
    • The Society may require a re-inspection of the property (currently costing £77) debited to the mortgage account.
    • The mortgage must have been in place for a minimum of 12 months and have had no arrears in the last 6 months.
    • The total number of payment holidays allowed throughout the mortgage term is 6 monthly payments, and only 3 of those months at any one time.
    • Additional payment holidays are not permitted within 3 years of taking the last payment holiday.
    • No additional borrowing is permitted during a payment holiday.
    • Payment holidays are not permitted within 6 months of any additional borrowing.
    • Initial fixed rate to 31st January 2020
      4.19% Fixed
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      4.99% variable
    • Overall cost for comparision is
      5.0% APRC
    • Maximum LTS
      95% of the share being purchased
    • Product Fee - may be added to the loan
      £295 not including CENSEO's fees
    • Application Fee - payable upfront and non-refundable
      £150
    • Early Repayment Charge
      Charges will apply to any lump sum or full redemption paid over 10% of the capital balance
      2% to 31/01/2019
      1% to 31/01/2020

    This mortgage is available on a shared ownership basis with the mortgage taken out on a share of the property of between 25% and 75%, with rent payable to the landlord on the remaining share.

    Fees

    Censeo’s administration fee of £295 to £395 will depend on which Housing association has introduced the client.

    Other Fees include

    • Application fee £150. This is payable upfront and is non-refundable.
    • Product fee is £295 this may be added to the loan subject to the maximum LTV
    • Valuation fees are payable as detailed in the separate tariff and will be instructed by the Society. 
    • Solicitors and licensed conveyancers fees are not based on a set scale.
    • Funds transfer fee £25.
    • Proc fees are 0.38% capped at £3,000

    Other charges may be made in respect of mortgage services. See our Fees Guide for details.

    Acceptable Credit Criteria

    This product accepts our minor adverse credit click here for details

    Maximum LTS

    Maximum LTS 95% of the customers share of the property between 25% and 75% including fees. The maximum LTV on the actual property value is 80%.

    Repayment

    This mortgage is available on a repayment basis only. Payments must be made monthly by direct debit.

    Overpayments

    Charges will apply to any lump sum or full redemption paid over 10% of the capital balance

    Early Repayment Charge (ERC)

    The charges apply to any lump sum or full redemption repaid over 10% of the capital balance as follows.

    2% to 31/01/2019
    1% to 31/01/2020

    Interest will be recalculated from the day following receipt.

    Once the fixed rate term or first year of the discount period has ended overpayments can be made without restriction.
    If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.

    Interest

    Interest is calculated daily on the balance outstanding and added to the account the following month.

    Affordability

    The amount we lend will be based on our assessment of affordability. Income multiple cap is 4.5 x first income plus 3 x second income or 4 x the joint income.

    Proof of Income

    • Employed applicants must have 3 months with current employer.
    • Last 3 months bank statements.
    • Completed Budget Planner.
    • Last P60 and 3 months payslips for all employed applicants. Last 2 years accounts or SA302s for all self-employed applicants.
    • Certified photographic proof of identity.

    We will carry out electronic verification to prove the applicant’s identity, but we may also ask for documentary evidence of identity. This can include the applicant’s latest mortgage statement, certified proof of residency or other loan or card statements.

    References may be taken up and credit searches will be made. Cases may be declined due to previous adverse credit or information that is not disclosed on the application form.

    Percentage of Shared Ownership

    This mortgage is available on a shared ownership basis with the mortgage taken out on a share of the property of between 25% and 75%, with rent payable to the landlord on the remaining share.

    Property type

    Standard construction houses or flats. For leasehold properties the Society requires a minimum unexpired period of 85 years at the time of purchase and at least 55 years unexpired lease remaining after the expected redemption date. Flats over 4 storeys may be considered on an individual basis but are not acceptable if they are local authority or ex-local authority. 

    For new build properties the Society requires a minimum lease term of 125 years, a maximum starting ground rent of 0.1% of the property value and no unreasonable ground rent escalators or other event fees. 

    Insurance

    We recommend that the applicant has buildings insurance on the property. It is not a requirement to buy any insurance through Buckinghamshire Building Society.

    Portability

    This product is portable.

    Mortgage Term

    The maximum mortgage term is 40 years dependent on individual circumstances.

    Age limits

    Minimum age 18. There is no maximum age limit. Cases are considered on individual circumstances.

    Loan Size

    Minimum loan size £50,000
    Maximum loan size £500,000

     

    • Initial Rate, a discount of 2.25% from SVR for 3 years
      3.49% variable
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      5.74% variable
    • The overall cost for comparison is
      5.4% APRC
    • Product Fee - may be added to the loan
      £1500
    • Application Fee - payable upfront and non-refundable
      £150
    • Early Repayment Charge
      Charges apply of 1% of any lump sum or full redemption over 10% of capital in the first year.

    Fees

    • Application fee £150. This is payable upfront and is non-refundable.
    • Product fee £1,500. This may be added to the loan subject to the maximum LTV.
    • Valuation fees are payable on a set scale as detailed in the separate Fees Guide.
    • Solicitors and licensed conveyancers fees are not based on a set scale and solicitors must be approved by Buckinghamshire Building Society.
    • Proc fees are 0.80% capped at £3,000.

    Other charges may be made in respect of mortgage services. See our Fees Guide for details.

    Acceptable Credit Criteria

    This product accepts our minor adverse credit click here for details

    Early Repayment Charge (ERC)

    Early Repayment Charges of 1% are payable in the first year on any lump sum or full redemption repaid over 10% of the capital balance.

    Overpayments

    During the fixed rate period regular overpayments are permitted up to £100 per month and lump sum payments up to 10% of the capital balance per annum may be made without attracting an ERC. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an ERC as detailed above.

    Interest will be recalculated following receipt. 
    Once the fixed rate period has ended overpayments can be made without restriction.
    If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.

    Affordability

    Please complete our BTL affordability calculator.  If your columns are red/amber then please contact us as other product options may be available. Minimum income £25,000.

    Proof of Income

    • Employed applicants must have 3 months continuous employment.
    • Last 3 months bank statements.
    • Completed Budget Planner.
    • Last P60 and 3 months payslips for all employed applicants. Last 2 years accounts or SA302s for all self-employed applicants.
    • Certified photographic proof of identity.
    • We will carry out electronic verification to prove the applicant’s identity, but we may also ask for documentary evidence of identity. This can include the applicant’s latest mortgage statement, certified proof of residency or other loan or card statements.
    • References may be taken up and credit searches will be made. Cases may be declined due to previous adverse credit or information that is not disclosed on the application form.

    Interest

    Interest is calculated daily on the balance outstanding and added to the account the following month.

    Insurance

    We recommend that the applicant has buildings insurance on the property. It is not a requirement to buy any insurance through Buckinghamshire Building Society.

    Mortgage Term

    The maximum mortgage term is 40 years dependent on individual circumstances.

    Repayment

    This mortgage is available on a capital and interest repayment basis or interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.

    Portability

    This product is portable.

    Loan Size

    Minimum loan size £50,000.
    Maximum loan size £500,000.

    Property type

    Standard construction houses or flats. For leasehold properties the Society requires a minimum unexpired period of 85 years at the time of purchase and at least 55 years unexpired lease remaining after the expected redemption date. Flats over 4 storeys may be considered on an individual basis but are not acceptable if they are local authority or ex-local authority.

    For new build properties the Society requires a minimum lease term of 125 years, a maximum starting ground rent of 0.1% of the property value and no unreasonable ground rent escalators or other event fees. 

    Age Limits

    The minimum age is 21 for all applicants. There is no maximum age. Cases are considered on individual circumstances.

    • Initial fixed rate to 31st January 2021
      3.99% fixed
    • Followed by our BTL Standard Variable Rate (SVR) for the rest of the term
      5.74% variable
    • Maximum LTV
      75% including fees
    • The overall cost for comparison is
      5.4% APRC
    • Product Fee - may be added to the loan
      £1500
    • Application Fee - payable upfront and non-refundable
      £150
    • Early Repayment Charge
      Charges will apply to any lump sum or full redemption paid over 10% of the capital balance
      3% to 31/01/2019
      2% to 31/01/2020
      1% to 31/01/2021

    Fees

    • Application fee £150. This is payable upfront and is non-refundable.
    • Product fee £1,500. This may be added to the loan subject to the maximum LTV.
    • Valuation fees are payable on a set scale as detailed in the separate Fees Guide.
    • Solicitors and licensed conveyancers fees are not based on a set scale and solicitors must be approved by Buckinghamshire Building Society.
    • Proc fees are 0.80% capped at £3,000.

    Other charges may be made in respect of mortgage services. See our Fees Guide for details.

    Acceptable Credit Criteria

    This product accepts our minor adverse credit click here for details

    Early Repayment Charge (ERC)

    Early Repayment Charges are payable on any lump sum or full redemption repaid over 10% of the capital balance as follows

    31/01/19 - 3.0%

    31/01/20 - 2.0%

    31/01/21 - 1.0%

    Overpayments

    During the fixed rate period regular overpayments are permitted up to £100 per month and lump sum payments up to 10% of the capital balance per annum may be made without attracting an ERC. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an ERC as detailed above.

    Interest will be recalculated following receipt. 
    Once the fixed rate period has ended overpayments can be made without restriction.
    If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.

    Affordability

    Please complete our BTL affordability calculator.  If your columns are red/amber then please contact us as other product options may be available. Minimum income £25,000.

    Proof of Income

    • Employed applicants must have 3 months with current employer.
    • Last 3 months bank statements.
    • Completed Budget Planner.
    • Last P60 and 3 months payslips for all employed applicants. Last 2 years accounts or SA302s for all self-employed applicants.
    • Certified photographic proof of identity.
    • We will carry out electronic verification to prove the applicant’s identity, but we may also ask for documentary evidence of identity. This can include the applicant’s latest mortgage statement, certified proof of residency or other loan or card statements.
    • References may be taken up and credit searches will be made. Cases may be declined due to previous adverse credit or information that is not disclosed on the application form.

    Interest

    Interest is calculated daily on the balance outstanding and added to the account the following month.

    Insurance

    We recommend that the applicant has buildings insurance on the property. It is not a requirement to buy any insurance through Buckinghamshire Building Society.

    Mortgage Term

    The maximum mortgage term is 40 years dependent on individual circumstances.

    Repayment

    This mortgage is available on a capital and interest repayment basis or interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.

    Portability

    This product is portable.

    Loan Size

    Minimum loan size £50,000.
    Maximum loan size £500,000.

    Property type

    Standard construction houses or flats. For leasehold properties the Society requires a minimum unexpired period of 85 years at the time of purchase and at least 55 years unexpired lease remaining after the expected redemption date. Flats over 4 storeys may be considered on an individual basis but are not acceptable if they are local authority or ex-local authority.

    For new build properties the Society requires a minimum lease term of 125 years, a maximum starting ground rent of 0.1% of the property value and no unreasonable ground rent escalators or other event fees. 

    Age Limits

    The minimum age is 21 for all applicants. There is no maximum age. Cases are considered on individual circumstances.

    • Initial Rate, a discount of 1.00% from our SVR
      3.99% variable
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      4.99% variable
    • Maximum LTV
      90% including fees
    • The overall cost for comparison is
      4.7% APRC
    • Application Fee - payable upfront and non-refundable
      £150
    • Product Fee - may be added to the loan
      £1,250
    • Early Repayment Charge
      1% of any lump sum or full redemption over 10% of capital in the first year

    Fees

    • Application fee £150. This is payable upfront and is non-refundable.
    • Society product fee £1,250. This may be added to the loan subject to the maximum LTV.
    • Valuation fees are payable on a set scale as detailed in the separate Fees Guide.
    • Solicitors and licensed conveyancers fees are not based on a set scale and solicitors must be approved by Buckinghamshire Building Society.
    • Proc fees are 0.80% capped at £3,000.
    • Other charges may be made in respect of mortgage services. See our Fees Guide for details.

    Higher Lending Charge

    The Society will purchase a Higher Lending insurance to provide additional security where the amount of the loan exceeds 80% of the valuation of the property.

    Affordability

    The amount we lend will be based on our assessment of affordability. Income multiple cap is 4.5 x first income plus 3 x second income or 4 x the joint income.

    Acceptable Credit Criteria

    This product accepts our minor adverse credit click here for details

    Repayment

    This mortgage is available on a capital and interest repayment basis or interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.

    Maximum LTV

    £750K to 80% LTV

    £500k to 90% LTV

    Proof of Income

    • CV which evidences a continuous career in a similar role or area of business.
    • At least 7 months contracting experience with at least 1 renewal.
    • Current contract, which must have been in existence for a minimum of 1 month. Each contract will be considered on its own merits.
    • 6 months business and personal bank statements..
    • A minimum of 3 months invoices / payslips.
    • If operating through a limited company for more than 2 years, audited/certified accounts and certificate of incorporation.
    • If you are working under an umbrella company you will need 3 months bank statements.
    • A copy of VAT registration certificate if applicable.
    • Proof of appropriate PI cover.
    • Certified photographic proof of identity
    • We will carry out electronic verification to prove your identity, but we may also ask for documentary evidence of identity.
    • Credit searches will be made and cases may be declined due to previous adverse credit or information that is not  disclosed on the application form

    Early Repayment Charge (ERC)

    A charge of 1% of any lump sum or full redemption repaid over 10% of the capital balance is payable in the first year of the discount period.

    Overpayments

    During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.

    Once the early repayment charge period has ended overpayments can be made at any time.
    If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.

    Interest

    Interest is calculated daily on the balance outstanding and added to the account the following month.

    Loan Size

    Minimum loan size £100,000.

    Maximum loan size £500,000 to 90% LTV; £750,000 to 80% LTV.

    Insurance

    We recommend that the applicant has buildings insurance on the property. It is not a requirement to buy any insurance through Buckinghamshire Building Society.

    Portability

    This product is portable, subject to our lending criteria at the time.

    Mortgage Term

    The maximum mortgage term is 40 years dependent on individual circumstances.

    Property type

    Standard construction houses or flats. For leasehold properties the Society requires a minimum unexpired period of 85 years at the time of purchase and at least 55 years unexpired lease remaining after the expected redemption date. Flats over 4 storeys may be considered on an individual basis but are not acceptable if they are local authority or ex-local authority.

    Age Limits

    The minimum age is 18 for all applicants. There is no maximum age. Cases are considered on individual circumstances.

    Payment Holidays

    • Payment holidays are permitted providing the LTV is no greater than 75% at the time of the request.
    • The Society may require a re-inspection of the property (currently costing £77) debited to the mortgage account.
    • The mortgage must have been in place for a minimum of 12 months and have had no arrears in the last 6 months.
    • The total number of payment holidays allowed throughout the mortgage term is 6 monthly payments, and only 3 of those months at any one time.
    • Additional payment holidays are not permitted within 3 years of taking the last payment holiday.
    • No additional borrowing is permitted during a payment holiday.
    • Payment holidays are not permitted within 6 months of any additional borrowing.