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    • Initial Rate fixed to 31st January 2021
      3.69% fixed
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      4.99% variable
    • The overall cost for comparison is
      4.8% APRC
    • Maximum LTV
      95% including fees
    • Application Fee - payable upfront and non-refundable
      £150
    • Product Fee - may be added to the loan
      none
    • Early Repayment Charge
      Charges will apply to any lump sum or full redemption paid over 10% of the capital balance
      3.00% to 31/01/2019
      2.00% to 31/01/2020
      1.00% to 31/01/2021

    Fees

    • Application fee £150. This is payable upfront and is non-refundable.
    • Valuation fees are payable on a set scale as detailed in the separate Fees Guide.
    • There is no product fee to pay on this mortgage.
    • Solicitors fees are not based on a set scale and solicitors must be approved by Buckinghamshire Building Society.
    • Proc fees are 0.38% up to a maximum of £3,000.

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

    Cashback

    £250 cashback is paid to the solicitor on completion of the loan.

    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.

    Acceptable Credit Criteria

    This product accepts our minor adverse credit click here for details

    Early Repayment Charge (ERC)

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

    • 3.00% to 31/01/2019
    • 2.00% to 31/01/2020
    • 1.00% to 31/01/2021

     

    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.

    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. Debt consolidation is not available.

    Repayment

    This mortgage is available on a capital repayment basis. 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. 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.

    Age Limits

    The minimum age is 18 for all applicants. Maximum age is 67 at the end of the mortgage term.

    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.

    New Build

    An 85% LTV applies to new build houses outside the M25 (London area). Houses in London and all flats have a maximum LTV of 80%. 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.

  • 3.49% First Time Buyer 3 year discount [DF04]

    • Overview
    • Interest Rates
    • How to Apply
    Full Details
    • Initial Rate, a discount of 1.50% from our SVR for 3 years
      3.49% variable
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      4.99% variable
    • The overall cost for comparison is
      4.7% APRC
    • Maximum LTV
      95% including fees
    • Application Fee - payable upfront and non-refundable
      £150
    • Product Fee - may be added to the loan
      none
    • Early Repayment Charge
      Charges will apply to any lump sum or full redemption paid over 10% of the capital balance
      1.50% in year 1
      1.00% in year 2
      0.50% in year 3

    Fees

    • Application fee £150. This is payable upfront and is non-refundable.
    • There is no product fee to pay on this mortgage.
    • 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 the Society.
    • Proc fees are 0.38% capped at £3,000. 

    Other charges may be made for mortgage services. See the separate Fees Guide.

    Cashback

    £250 cashback is paid to the solicitor on completion of the loan.

    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.

    Acceptable Credit Criteria

    This product accepts our minor adverse credit click here for details

    Early Repayment Charge (ERC)

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

    • 1.50% in year 1
    • 1.00% in year 2
    • 0.50% in year 3

    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.

    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.
    Debt consolidation is not available.

    Repayment

    This mortgage is available on a repayment basis only. 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. 
    • Last 3 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.

    Age Limits

    The minimum age is 18 for all applicants. The maximum age is 67 at the end of the mortgage term.

    Loan Size

    Minimum loan size £50,000.
    Maximum loan size £500,000
    Other restrictions may apply in some cases.

    Mortgage Term

    The maximum mortgage term is 40 years dependent 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.

    Portability

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

    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.

    New Build

    An 85% LTV applies to new build houses outside the M25 (London area). Houses in London and all flats have a maximum LTV of 80%. 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.