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    • Initial Rate, a discount of 1.45% from our SVR for 3 years
      3.29% variable
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      4.74% variable
    • The overall cost for comparison is
      4.5% APRC
    • Maximum Loan to Value
      100% on applicants property purchase (overall 80% LTV with parents property equity) including fees
    • Application Fee
      none
    • Product fee
      £850 payable on completion
    • Early Redemption 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

    • There is no application fee.
    • There is a product fee of £850.
    • 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 0.38% up to a maximum of £4,000.

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

    Parents providing additional security

    Parents or grandparents can use up to 60% of the value of their own property to help their child/grandchild onto the housing ladder.

    The Society will take a charge on the relative's property to bring the Society's overall LTV to 80%. The charge on the relative's property is for a set amount.

    The relatives will have liability for any shortfall on the sale of the mortgage property in repossession subject to the maximum agreed at outset.

    The charge on the parent's property can be released subject to a re-valuation and satisfactory conduct of the mortgage account.

    We may also accept equity in holiday homes or Buy to Let properties other than the relatives' own, subject to individual approval.

    Additional Security Calculator

    Please complete our Additional Security calculator to assist in calculating the amount of charge required on the parent's/grandparent's home.

    Requirements for Parents/Grandparents assisting 

    The Society will require a basic valuation of the parent's property.

    The Society will undertake an Experian credit search and electronic verification on the guarantors.

    Guarantors will need to provide statements for any mortgage or secured loans on their property.

    Society would require that the parents have a clean credit history and to verify that any existing mortgage is not on a roll up basis.

    Parents would need to take and evidence that they have had independent legal advice to ensure they are fully informed and that the solicitor can identify potential vulnerable persons.

    Higher Lending Charge

    A Higher Lending Charge does not apply.

    Acceptable Credit Criteria

    This product accepts our standard credit criteria 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 First Time Buyers will need to demonstrate they can afford the mortgage payments in their own right and pass normal affordability checks.

    Repayment

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

    Age Limits

    The minimum age is 18 for all applicants. There is no maximum age. Earned income considered up to age 75. Cases are considered on individual circumstances.

    Loan Size

    Minimum loan size £25,000.
    Maximum loan size £500,000.

    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.

    Interest

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

    • Maximum Loan to Value
      100% on applicants property purchase (overall 80% LTV with parents property equity) including fees
    • Initial Rate, a discount of 1.45% from our SVR for 3 years
      3.29% variable
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      4.74% variable
    • The overall cost for comparison is
      4.5% APRC
    • Application Fee
      none
    • Product fee
      £850 payable on completion
    • Early Redemption 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

    • There is no application fee.
    • There is a product fee of £850.
    • £95 desk top valuation admin fee for parents property
    • Purchase property 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 0.38% up to a maximum of £4,000.

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

    Parents providing additional security

    Parents or grandparents can use up to 60% of the value of their own property to help their child/grandchild onto the housing ladder.

    The Society will take a charge on the relative's property to bring the Society's overall LTV to 80%. The charge on the relative's property is for a set amount.

    The relatives will have liability for any shortfall on the sale of the mortgage property in repossession subject to the maximum agreed at outset.

    The charge on the parent's property can be released subject to a re-valuation and satisfactory conduct of the mortgage account.

    We may also accept equity in holiday homes or Buy to Let properties other than the relatives' own, subject to individual approval.

    Additional Security Calculator

    Please complete our Additional Security calculator to assist in calculating the amount of charge required on the parent's/grandparent's home.

    Requirements for Parents/Grandparents assisting 

    The Society will require a basic valuation of the parent's property, this will be undertaken as an AVM Desktop valuation on this scheme. Please check below for property exclusions for AVM option.

    The Society will undertake an Experian credit search and electronic verification on the guarantors.

    Guarantors will need to provide statements for any mortgage or secured loans on their property.

    Society would require that the parents have a clean credit history and to verify that any existing mortgage is not on a roll up basis.

    Parents would need to take and evidence that they have had independent legal advice to ensure they are fully informed and that the solicitor can identify potential vulnerable persons.

    Property type exclusions for AVM

    Certain property types will not be suitable for a desk top valuation and will require a Standard Valuation report. The property types that are excluded are:

    • Flats or maisonettes
    • Properties valued in excess of £750,000
    • Leasehold properties with less than 85 years unexpired lease
    • Properties with 5 or more bedrooms
    • Properties built before 1880
    • Listed buildings
    • Properties with land exceeding 1 acre
    • A barn or other type of conversion
    • New Build or undergoing significant structural alteration
    • Property of non standard construction
    • Subject to Shared Ownership
    • Subject to structural movement past or present
    • In any of the following locations:
      • SE28 Thamesmeade
      • SE2 Abbeywood
      • SE18 Woolwich
      • CA13 Workington
      • CA14 Cockermouth
    • The property must have a minimum value of £100,000 except in the following postcode areas where the minimum estimated value must be £150,000:
      • Within M25 (UB, HA, W, NW, N, E, IG, WC, EC, SE, RM, BR. CR, SM, SW, TW)

    Higher Lending Charge

    A Higher Lending Charge does not apply.

    Acceptable Credit Criteria

    This product accepts our standard credit criteria 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 First Time Buyers will need to demonstrate they can afford the mortgage payments in their own right and pass normal affordability checks.

    Repayment

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

    Age Limits

    The minimum age is 18 for all applicants. There is no maximum age. Earned income considered up to age 75. Cases are considered on individual circumstances.

    Loan Size

    Minimum loan size £25,000.
    Maximum loan size £500,000.

    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.

    Interest

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

    • Initial Rate fixed to 28 February 2025
      3.79% fixed
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      4.74%
    • The overall cost for comparison is
      4.7% APRC
    • Maximum Loan to Value
      100% on applicants property purchase (overall 80% LTV with parents property equity) including fees
    • Application Fee
      none
    • Product fee - may be added to the loan
      £850
    • Early Redemption charge
      Charges will apply to any lump sum or
      full redemption paid over 10% of the capital balance
      3% up to 28/02/2023
      2% up to 29/02/2024
      1% up to 28/02/2025

    Fees

    • There is no application fee.
    • Product fee £850 payable on completion
    • Purchase property valuation fees are payable for each property 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 0.38% up to a maximum of £4,000.

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

    Parents providing additional security

    Parents or grandparents can use up to 60% of the value of their own property to help their child/grandchild onto the housing ladder.

    The Society will take a charge on the relative's property to bring the Society's overall LTV to 80%. The charge on the relative's property is for a set amount.

    The relatives will have liability for any shortfall on the sale of the mortgage property in repossession subject to the maximum agreed at outset.

    The charge on the parent or grandparent's property can be released subject to a re-valuation and satisfactory conduct of the mortgage account.

    We may also accept equity in holiday homes or Buy to Let properties other than the relatives' own, subject to individual approval.

    Additional Security Calculator

    Please complete our Additional Security calculator to assist in calculating the amount of charge required on the parent's/grandparent's home.

    Requirements for Parents/Grandparents assisting 

    The Society will undertake an Experian credit search and electronic verification on the guarantors.

    Guarantors will need to provide statements for any mortgage or secured loans on their property.

    Society would require that the parents have a clean credit history and to verify that any existing mortgage is not on a roll up basis.

    Parents or Grandparents would need to take and evidence that they have had independent legal advice to ensure they are fully informed and that the solicitor can identify potential vulnerable persons.

    Higher Lending Charge

    A Higher Lending Charge does not apply.

    Acceptable Credit Criteria

    This product accepts our standard credit criteria 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% up to 28/02/2023
    • 2% up to 29/02/2024
    • 1% up to 28/02/2025

    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 First Time Buyers will need to demonstrate they can afford the mortgage payments in their own right and pass normal affordability checks.

    Repayment

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

    Age Limits

    The minimum age is 18 for all applicants. There is no maximum age. Earned income considered up to age 75. Cases are considered on individual circumstances.

    Loan Size

    Minimum loan size £25,000.
    Maximum loan size £500,000.

    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.

    Interest

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

    • Initial Rate fixed to 28 February 2025
      3.79% fixed
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      4.74%
    • The overall cost for comparison is
      4.7% APRC
    • Maximum Loan to Value
      100% on applicants property purchase (overall 80% LTV with parents property equity) including fees
    • Application Fee
      none
    • Product fee - may be added to the loan
      £850
    • Early Redemption charge
      Charges will apply to any lump sum or
      full redemption paid over 10% of the capital balance
      3% up to 28/02/2023
      2% up to 29/02/2024
      1% up to 28/02/2025

    Fees

    • There is no application fee.
    • Product fee £850 payable on completion
    • Valuation admin fee £95 for parents/grandparents property
    • Purchase property valuation fees are payable for each property 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 0.38% up to a maximum of £4,000.

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

    Parents providing additional security

    Parents or grandparents can use up to 60% of the value of their own property to help their child/grandchild onto the housing ladder.

    The Society will take a charge on the relative's property to bring the Society's overall LTV to 80%. The charge on the relative's property is for a set amount.

    The relatives will have liability for any shortfall on the sale of the mortgage property in repossession subject to the maximum agreed at outset.

    The charge on the parent or grandparent's property can be released subject to a re-valuation and satisfactory conduct of the mortgage account.

    We may also accept equity in holiday homes or Buy to Let properties other than the relatives' own, subject to individual approval.

    Additional Security Calculator

    Please complete our Additional Security calculator to assist in calculating the amount of charge required on the parent's/grandparent's home.

    Requirements for Parents/Grandparents assisting 

    The Society will undertake an Experian credit search and electronic verification on the guarantors.

    Guarantors will need to provide statements for any mortgage or secured loans on their property.

    Society would require that the parents have a clean credit history and to verify that any existing mortgage is not on a roll up basis.

    Parents or Grandparents would need to take and evidence that they have had independent legal advice to ensure they are fully informed and that the solicitor can identify potential vulnerable persons.

    Property type exclusions for AVM

    Certain property types will not be suitable for a desk top valuation and will require a Standard Valuation report. The property types that are excluded are:

    • Flats or maisonettes
    • Properties valued in excess of £750,000
    • Leasehold properties with less than 85 years unexpired lease
    • Properties with 5 or more bedrooms
    • Properties built before 1880
    • Listed buildings
    • Properties with land exceeding 1 acre
    • A barn or other type of conversion
    • New Build or undergoing significant structural alteration
    • Property of non standard construction
    • Subject to Shared Ownership
    • Subject to structural movement past or present
    • In any of the following locations:
      • SE28 Thamesmeade
      • SE2 Abbeywood
      • SE18 Woolwich
      • CA13 Workington
      • CA14 Cockermouth
    • The property must have a minimum value of £100,000 except in the following postcode areas where the minimum estimated value must be £150,000:
      • Within M25 (UB, HA, W, NW, N, E, IG, WC, EC, SE, RM, BR. CR, SM, SW, TW)

    Higher Lending Charge

    A Higher Lending Charge does not apply.

    Acceptable Credit Criteria

    This product accepts our standard credit criteria 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% up to 28/02/2023
    • 2% up to 29/02/2024
    • 1% up to 28/02/2025

    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 First Time Buyers will need to demonstrate they can afford the mortgage payments in their own right and pass normal affordability checks.

    Repayment

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

    Age Limits

    The minimum age is 18 for all applicants. There is no maximum age. Earned income considered up to age 75. Cases are considered on individual circumstances.

    Loan Size

    Minimum loan size £25,000.
    Maximum loan size £500,000.

    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.

    Interest

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