Buckinghamshire Building Society Launches New Fixed Rate Mortgages

Buckinghamshire Building Society Introduces New Mortgage Products

As of 16th April 2026, Buckinghamshire Building Society has launched a new suite of two-year fixed rate mortgages across its Credit Revive and Credit Restore ranges. The Credit Revive products include a two-year fix up to 70% loan-to-value (LTV) with a rate of 6.09% and a two-year fix up to 85% LTV with a rate of 6.39%. The Credit Restore products offer a two-year fix up to 60% LTV at a rate of 6.59% and a two-year fix up to 75% LTV at a rate of 6.89%. All these products come with a £999 product fee.

Real-World Impact of the New Mortgage Products

Let’s consider a first-time buyer looking to purchase a property valued at £300,000. If they opt for the Credit Revive two-year fix up to 85% LTV product, they would need a deposit of £45,000 (15% of the property value). The remaining £255,000 would be financed by the mortgage at a rate of 6.39%. This would result in monthly repayments of approximately £1,601.

On the other hand, if the same buyer chose the Credit Restore two-year fix up to 75% LTV product, they would need a larger deposit of £75,000 but would benefit from a lower interest rate of 6.89%. The mortgage amount would be £225,000, resulting in slightly lower monthly repayments of approximately £1,548.

Comparing the New Products to the Market Context

Compared to the current UK base rate of 3.75% as of April 2026, the rates offered by Buckinghamshire Building Society are significantly higher. However, these products are specifically designed for clients who may have experienced financial setbacks in the past and are looking for payment certainty, as stated by Claire Askham, Buckinghamshire Building Society’s head of mortgage sales.

When compared to rates from six months ago, these new products represent a slight increase. However, they offer a level of stability in an uncertain market, as the rates are fixed for two years. This means that borrowers can plan their finances with certainty, knowing their mortgage repayments will remain the same for this period.

Implications for the Mortgage Market

The introduction of these new products by Buckinghamshire Building Society indicates a commitment to providing options for a wider range of clients, including those with less than perfect credit histories. This is a positive development for the mortgage market, as it expands the options available to potential homeowners.

Furthermore, the fixed rates provide a level of predictability in a time of economic uncertainty. With these new products, Buckinghamshire Building Society is providing a valuable service to a segment of the market that is often overlooked by other lenders.