Other charges may be made in respect of mortgage services. See our Fees Guide for details.
This product accepts our standard credit criteria click here for details
No exceptions to standard credit criteria and no mortgage arrears in last 12 months as evidenced on Experian search.
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
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.
New montly payment must be equal to or less than applicants existing mortgage payment.
No budget planner analysis will be required with the application.
The application must meet normal multtiples of 4.5 single or 4 x joint based on evidenced income.
This mortgage is available on a capital and interest repayment basis or interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.
The minimum age is 18 for all applicants. There is no maximum age. Cases are considered on individual circumstances.
Minimum loan size £25,000
Maximum loan size £400,000 up to 60% LTV on repayment; 30% LTV on interest only or 50% LTV for part & part.
The maximum mortgage term is 40 years dependent on individual circumstances.
We recommend that the applicant has buildings insurance on the property. It is not a requirement to buy any insurance through Buckinghamshire Building Society.
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.
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.
Interest is calculated daily on the balance outstanding and added to the account the following month.