Supporting our local NHS, Police, Fire & Air Rescue service workers in Buckinghamshire with exclusive rates as well as being able to lend up to 90% loan to value.
Property must be located within the county of Buckinghamshire. (Buckinghamshire postcodes: All HP, SL0 –SL9, MK1 – MK19, MK46, NN13, UB9, OX6, RG9, LU6 & LU7)
There is a collar of 2.99% on this product which means the rate during the discount period will not go below that rate.
Supporting our local NHS, Police, Fire & Air Rescue service workers in Buckinghamshire with exclusive rates as well as being able to lend up to 90% loan to value.
Property must be located within the county of Buckinghamshire. (Buckinghamshire postcodes: All HP, SL0 –SL9, MK1 – MK19, MK46, NN13, UB9, OX6, RG9, LU6 & LU7)
There is a collar of 2.99% on this product which means the rate during the discount period will not go below that rate.
A mortgage of £212,950 payable over 23 years initially at a discount of 1.75% from our Standard Variable Rate, currently 4.74%, giving a pay rate of 2.99% for 3 years and then on our Standard Variable Rate, currently 4.74%, for the remaining 20 years would require 36 payments of £1,073.09 and 240 payments of £1,250.45.
The total amount payable would be £339,397.24 made up of the loan amount plus interest (£124,765.24), valuation fee (£410), legal fees (£148), an exit fee (£100), a product fee (£999) and a funds transfer fee (£25).
The overall cost for comparison is 4.4% APRC representative
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
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.
The amount we lend will be based on our assessment of affordability. Income multiple cap is 4.5 x first income plus 3.5 x second income or 4 x the joint 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 £100,000
Maximum loan size £500,000 up to 90% loan to value / £1,000,000 up to 80% loan to value
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.
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