This award winning building society strives for a more personal approach wit hits customers. Its speciality lies in savings and mortgages.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Buckinghamshire Building Society is based in Chalfont St Giles, in Buckinghamshire. It is an award-winning, small provincial building society with a small town ethos. Unlike larger institutions, Buckinghamshire Building Society strives to offer a more personal approach to its customers and because there are no shareholders to please, the society is in a better position to offer value for money to its members.
The society specialises in savings and mortgages. They were recently placed third overall in the prestigious What Mortgage magazine’s ‘Best Value Lender Over a 10 Year period’, so customers are generally very happy with the service they receive from the Buckinghamshire Building Society.
Buckinghamshire BS mortgages are a big part of the society’s business. Experienced underwriters treat every customer as an individual and each case is judged on its own merits. Advisors will look at a customer’s personal circumstances and recommend the most suitable mortgage deal for them.
Buckinghamshire BS mortgage deals change frequently, but at any given time customers can expect to see a selection of standard variable rate deals and fixed rate deals of between two and four years. Customers can choose between repayment mortgages and interest only products linked to an investment vehicle.
The standard length of a Buckinghamshire BS mortgage is 25 years, but the society is flexible and will extend a mortgage term to 30 years under certain circumstances.
Interest on a Buckinghamshire BS mortgage is calculated annually. Interest on the loan is calculated on December 31st following the completion and on the same date for each successive year thereafter.
Customers can borrow up to £2 million; a higher amount is only available by negotiation. The maximum loan to value is 70% for a repayment mortgage and 65% for an interest-only product. Extra repayments are allowed, but an early repayment percentage fee will apply if repayments are made during the penalty period.
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