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  • 2.35% Local Prime 3 year discount [D167]

    • Overview
    • Interest Rates
    • How to Apply
    Full Details
    • Initial Rate, a discount of 3.04% from our SVR for 3 years
      2.35% variable, but which will not go below a floor of 2.35% during this period.
    • Followed by our Standard Variable Rate (SVR) for the rest of the term
      5.39% variable
    • The overall cost for comparison is
      4.1% APRC
    • Maximum Loan to Value
      80% including fees
    • Application Fee
    • Product fee - may be added to the loan
    • Early Redemption charge
      Charges will apply to any lump sum or
      full redemption paid over 10% of the capital balance
      12 months - 3%
      24 months - 2%
      36 months - 1%


    • There is no application fee.
    • Product fee £499. 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 0.38% up to a maximum of £4,000.

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

    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% in year 1
    • 2% in year 2
    • 1% in year 3


    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.


    You can check affordability through our calculator where we assess on affordability as an alternative to income multiples. Please note we will fully review bank statements and expenditure during the underwriting process. Click here to find out more


    This mortgage is available on a capital and interest repayment basis or on interest only with a suitable repayment vehicle. 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 £1,000,000 up to 80% loan to value

    Mortgage Term

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


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