Buckinghamshire Building Society has announced a round of mortgage rate cuts, with savings of up to 0.30% for borrowers.

The building society is making changes across the board, meaning there are new deals for first-time buyers, landlords, and even people with poor credit scores.

Here are some of the biggest rate cuts:

• Holiday let mortgages: Borrowers with a 25% deposit can now secure a two-year discount rate of 5.89%, down from 6.19%.
• Buy-to-let mortgages: Landlords with a 20% deposit can now lock in a five-year fixed rate of 5.89%, down from 5.99%.
• First-time buyers: Those with a 10% deposit will now pay 4.99% on a five-year fixed-rate mortgage, down from 5.05%.

The building society is also making it easier for people with credit issues to get a mortgage.

For example, it will now consider applications from borrowers who have been in a debt management plan for more than three years. And it is now happy to lend to people who have a County Court Judgement (CCJ) for unpaid parking fines of up to £250.

These borrowers will be eligible for the building society’s ‘non-standard credit’ mortgage, which is now available on a three-year fixed term at 5.99%.

The building society’s standard variable rate (SVR) has also been reduced by 0.20% to 8.59%.

Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said the changes were designed to offer borrowers more options in a challenging market.

She added: “We are pleased to announce a comprehensive rate reduction across our product range, which further enhances the value we offer to mortgage brokers and their clients. This launch cements our support for brokers in an increasingly complex marketplace.”