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3.24% 3 year discount of 1.75% from our SVR [DF01]

Follow on rate SVR currently 4.99%.
The overall cost for comparison is 4.4% APRC


This product is not available to self employed borrowers

  • Up to 95% LTV
  • £250 Cashback
  • No product fees
  • Max age 67

This product is not available to self employed borrowers

  • Initial Rate, a discount of 1.75% from SVR for 3 years
  • Followed by our Standard Variable Rate (SVR) for the rest of the term
    4.99% variable
  • Maximum LTV
  • The overall cost for comparison is
    4.4% APRC
  • Application Fee - payable upfront and non-refundable
  • Product Fee
  • Early Repayment Charge
    Year 1 - 1.50%
    Year 2 - 1.00%
    Year 3 - 0.50%
  • Up to 95% LTV
  • £250 Cashback
  • No product fees
  • Max age 67

Further Information

Credit Status

We accept applicants with:

  • Missed Payment due to provable banking error
  • Up to 3 missed payments on credit card, communications, utilities or mail order in the last 3 years, but none in the last 6 months
  • Up to 1 missed payments on unsecured loan, in the last 3 years, none in the last 6 months
  • 1 Satisfied Default up to £100 in last 3 years;
  • Satisfied Defaults with a total value up to £500 from 3 to 6 years old; and Satisfied Defaults of any value over 6 years old.
  • 1 Satisfied CCJ up to £100 in the last 6 years; and Satisfied CCJs of any value over 6 years old.
  • Rent arrears or payday loans over 3 years old.


  • 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 0.35% capped at £2,000.

Other charges may be made for mortgage services.

Early Repayment Charge (ERC)

A charge of 1.50% 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 1.00% in the second year and 0.50% in the third year.


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.


£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.


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.

Proof of Income

  • Last 3 months bank statements.
  • Completed Budget Planner.
  • Last P60 and 3 months payslips. 
  • Certified photographic proof of identity.

We will also carry out electronic verification to prove the applicant’s identity, but we may also ask for further 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.


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


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

Mortgage Term

The maximum mortgage term is 35 years dependent on individual circumstances.


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

Property type

Standard construction houses or flats. For flats there should generally be a maximum of 4 storeys in the building and an unexpired leasehold term of 85 years at the start of the mortgage. Flats over 4 storeys may be considered on an individual basis.

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.


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