Buckinghamshire Building Society has expanded its buy-to-let, holiday let and expat lending proposition with increased maximum loan sizes, the reintroduction of selected fixed rate products and the launch of new limited company products.
The Society has increased the maximum loan amount across its entire buy-to-let and holiday let ranges from £500,000 to £750,000.
In addition, the Society will now accept expat mortgage applications from residents in Hong Kong (excluding BNO status), broadening access to its specialist expat proposition.
Alongside these changes, Buckinghamshire Building Society has launched a number of new limited company SPV products, including a three-year fixed rate buy-to-let product at 6.19%, available up to 80% LTV.
A three-year expat buy-to-let product has launched at 6.29% up to 80% LTV, with a two-year holiday let product available at 6.09% and an expat holiday let rate at 6.19%, both available up to 75% LTV.
All products carry a £1,500 fee.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “We’ve seen continued appetite from landlords and expat investors who are looking for greater flexibility, larger loan sizes and products that reflect how the market is evolving.
“Increasing our maximum loan size to £750,000 gives brokers more options for larger cases, while the launch of these new fixed rate SPV products helps support landlords who want a degree of payment certainty without necessarily committing to longer-term fixes.
“We’re also pleased to extend our expat proposition further by accepting applications from Hong Kong residents, an area where we continue to see growing interest in UK property investment.”
