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Other charges may be made for mortgage services.
This product accepts our minor adverse credit click here for details
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.
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.
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.
The maximum mortgage term is 40 years dependent on individual circumstances.
These products are portable, subject to our lending criteria at the time.
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.
The minimum age is 18 for all applicants. The maximum age is 67 at the end of the mortgage term.
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.
In order to apply for one of our mortgages you need to contact an independent mortgage broker. We have partnered with Mortgage Advice Bureau who can offer you comprehensive independent financial advice covering the whole market. To find out more. Click Here Mortgage Advice Bureau
Our high level of service and flexible approach sets us apart. We accept applications via mortgage brokers and assess cases on an individual basis, with affordability being the key.