Bucks Building Society cuts limited company BTL rates

The biggest reduction sees the society’s five-year fixed limited company BTL rate fall from 6.39% to 5.99%.

A new two-year discounted option at 5.79% has also been added for clients looking for a short-term deal.

All limited company products carry a flat product fee of £1,500, while non-limited company products carry a flat fee of £1,195.

A 125% Interest Coverage Ratio (ICR) applies for limited company applicants.

Claire Askham, head of mortgage sales at Buckinghamshire Building Society (pictured above), commented: “We know the market is constantly shifting, and these changes reflect our efforts to keep our products competitive and useful for brokers.

“We’ve refined our limited company rates and introduced a new two-year discount to give more flexibility, especially for clients who want to keep upfront costs down or manage their cash flow in the early years.

“Whether it’s limited company cases, expat lending or more complex scenarios, we want to offer straightforward, good-value options that help brokers move things forward.”