This website uses cookies which are essential for it to function. In addition we may use cookies to help improve the performance and user experience of our website. If you prefer to switch off all cookies, you can do so using your browser settings but the functionality of this website may be affected. Please accept or decline any non-essential cookies and see our Cookie Policy for full details and guidance.

3.99% Bucks Solutions 2 - Fixed to 31/08/2024 [F838]

Follow on rate is our SVR, currently 5.64%
the overall cost for comparison is 5.5% APRC

Back

A fixed rate mortgage until 31 August 2024 for borrowers who have a range of credit issues, refer to our credit matrix for further details.

This product should be used for all properties in England and Wales. 

  • No application fee
  • Up to 40 year term
  • 70% max LTV

A fixed rate mortgage until 31 August 2024 for borrowers who have a range of credit issues, refer to our credit matrix for further details.

This product should be used for all properties in England and Wales. 

  • Initial Rate fixed to 31 August 2024
    3.99% fixed
  • Followed by our Standard Variable Rate (SVR) for the rest of the term
    5.64% variable
  • The overall cost for comparison is
    5.5% APRC
  • Maximum Loan to Value
    70% including fees
  • Application Fee
    none
  • Product fee - may be added to the loan
    £999
  • Early Redemption charge
    Charges will apply to any lump sum or
    full redemption paid over 10% of the capital balance
    2% up to 31/08/2023
    1% up to 31/08/2024
  • No application fee
  • Up to 40 year term
  • 70% max LTV

Representative Example

A mortgage loan of £91,024 (which includes a product fee of £999 and a funds transfer fee of £25) payable over 25 years, initially on a fixed rate of 3.99% until 31/08/2024 and then on our Standard Variable Rate, currently 5.64%, for the remaining period would require 24 payments of £479.96 and 276 payments of £560.74.

The total amount payable would be £166,841.28 made up of the loan amount plus interest of £75,259.28 plus a valuation fee of £310, legal fees to your solicitor of £148, and exit fee of £100.

The overall cost for comparison is 5.5% APRC representative.

Further Information

Fees

  • There is no application fee.
  • Product fee £999. 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 Non Standard Bucks Solutions 2 credit criteria click here for details

Early Repayment Charge (ERC)

The charges below apply to any lump sum or full redemption repaid over 10% of the capital balance.

  • 2.00% to 31/08/2023
  • 1.00% to 31/08/2024

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

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

Please note: self-employed is not accepted. 

Repayment

This mortgage is available on a capital and interest 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 £50,000.
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.

  • Product Transfer Login for Existing Customers

    Click to enter your activation key and choose from our latest member exclusive mortgage products.  If you have any questions please check out our FAQ or contact us on 01494 879500

  • Our Mortgage Team

    If you are an existing customer and would like to discuss your current mortgage please call our team on 01494 879500. 

    Meet the team

  • Independent Mortgage Advisers

    In order to apply for one of our mortgages you need to contact a mortgage broker. Mortgage Advice Bureau works with us to provide our customers with expert mortgage and protection advice. To find out more visit Mortgage Advice Bureau