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3.99% Small Loan term discount [D096]

The overall cost for comparison is 4.5% APRC

For customers who want to borrow between £20,000 and £50,000. Ideal for renovations and home improvements.
  • no ERC
  • no application fee
  • no maximum age
For customers who want to borrow between £20,000 and £50,000. Ideal for renovations and home improvements.
  • Initial Rate, a discount of 1.25% from the term of the loan
    3.99% variable
  • The overall cost for comparison is
    4.5% APRC
  • Maximum Loan to Value
    60% including fees
  • Application Fee
  • Product fee - may be added to the loan.
  • Early Redemption charge
  • no ERC
  • no application fee
  • no maximum age

Representative Example

A mortgage of £30,000 payable over 14 years on a discount of 1.25% from our Standard Variable Rate, currently 5.24%, giving a pay rate of 3.99% for the mortgage term of 14 years, would require 168 monthly payments of £237.43.

The total amount payable would be £40,701.24 made up of the loan amount plus interest (£9,364.24), product fee (£499), valuation fee (£565), legal fees (£148), an exit fee (£100) and a funds transfer fee (£25).

The overall cost for comparison is 4.5% APRC representative.

Further Information


  • No application fee.
  • £499 product fee. 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% capped at £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)

There is no Early Repayment Charge.


Overpayments may be made at any time and interest will be recalculated from the day following receipt.
If an overpayment of £500 or more is made, we'll recalculate the monthly payment the following month.


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.

Proof of Income

  • Applicants must have 3 months with current employer.
  • Last 3 months bank statements.
  • Completed Budget Planner.
  • Last P60 and 3 months payslips for all employed applicants. 
  • Last 2 years accounts or SA302s for all self-employed applicants.
  • Certified photographic proof of identity.
We will carry out electronic verification to prove the applicant’s identity, but we may also ask for documentary evidence of identity. This can include the applicant’s latest mortgage statement, certified proof of residency or other loan or card statements.

References may be taken up and credit searches will be made. Cases may be declined due to previous adverse credit or information that is not disclosed on the application form.

Age Limits

The minimum age is 18 for all applicants. There is no maximum age. Cases are considered on individual circumstances.

Loan Size

Minimum loan size £20,000.
Maximum loan size £50,000.

Minimum Property Value

Minimum property value £180,000.

Mortgage Term

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.

Property type

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.

For new build properties the Society requires a minimum lease term of 125 years, a maximum starting ground rent of 0.1% of the property value and no unreasonable ground rent escalators or other event fees.


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