"By identifying potential gaps in the market and developing products that suit the needs of our customers, we can ensure we have a product to suit someone’s individual needs."
'Home from Home' is the first new addition to the Society's mortgage portfolio, which gives borrowers the opportunity to own a second holiday home and rent it out for up to 90 days each year as a holiday let.
In addition, the lender has also launched a 90% LTV fixed mortgage product as well as a five-year fixed retirement product, giving additional flexibility within its later life proposition.
Tim Vigeon, head of lending at Buckinghamshire Building Society, said: "The mortgage market has changed significantly as a result of the pandemic and we want our mortgage offering to reflect that. By identifying potential gaps in the market and developing products that suit the needs of our customers, we can ensure we have a product to suit someone’s individual needs.
"As a Society, we are confident that these additions to our already broad mortgage product offering will allow people additional flexibility when buying a home of their own after what has been a truly turbulent time for many. We continue to assess applications on a case by case basis and our human approach to underwriting means that we credit search rather than credit score. By taking this holistic view we can better understand the affordability of the mortgage options so that they are suitable and sustainable for the borrower’s individual circumstances."
