Since 1907 the Buckinghamshireshire Building Society has had its head office in Chalfont St. Giles, Buckinghamshireshire. They have well over 13,000 members and the society is a mutual society.  This means there are no shareholders and all the profits go to benefitting their members.

The Buckinghamshireshire Building Society has a choice of mortgages on offer and include  ‘joint equity plans’ which include an investor taking a 25-50% interest in your property, these are not like the Government part ownership, low cost or key worker plans but do permit you to purchase your own property at a cost which you can afford.

The Buckinghamshireshire Building Society has the following types of mortgages available:

• Standard Variable Rate mortgage is a mortgage which the amount of interest you repay may change in line with the Bank of England and the Buckinghamshireshire Building Society’s own rate. They can increase or decrease.
• Three Year Discounted Mortgage is a mortgage which provides a guaranteed discount on the Standard Variable Rate for a period of three years after which it goes back to the Standard Variable Rate for the remaining period of the loan.
• Two or Three Year Fixed Rate Mortgages are loans which are obtainable with 65% to 75% Loan to Value ( LTV). The amount of interest rate paid by you will be dependent on the amount of deposit you make along with the extent of the fixed period. Therefore if you make a 45% deposit and choose a two year fixed rate mortgage then the interest will be less than if you had made a 35% deposit and chosen a three year fixed rate term.

Here is an example of a Buckinghamshireshire Building Society’s Standard Variable Rate Mortgage (SVR).

• The maximum amount that can be advanced would be 70% for repayment or 65% for interest only
• The SVR is currently 5.24%
• There is an arrangement fee of £295 which has to be given at the time of the application and is non-refundable
• A valuation fee is charged but depends on the cost of the property
• An early repayment charge applies which is 3% of the amount repaid for a year
• The minimum amount that can be borrowed is £40,000
• The maximum amount that can be borrowed is £500,000
• The interest is worked out yearly on the 31st December
• The Income multiples that apply to the Buckinghamshireshire Building Society are four times first income plus two and a half times the second income or 3.75 times the joint income are available.
• The Buckinghamshireshire Building Society will make reference enquiries and also carry out credit searches.