Buckinghamshire Building Society has lowered mortgage rates across the board in a move that could save borrowers thousands of pounds.

The building society has cut rates on a range of products, including fixed-rate deals for first-time buyers, buy-to-let landlords, and holiday let investors.

Here’s what you need to know:

First-time buyers and home movers:

• The Prime 95 for Purchase 5-Year Fixed Rate has been reduced from 5.59% to 5.29%.
• This popular product offers up to 95% loan-to-value (LTV), meaning you could need as little as a 5% deposit.
• Loans are available from £50,000 to £500,000, and there are no product fees to pay.

Buy-to-let landlords:

• Landlords with less-than-perfect credit histories could benefit from the Buy-to-Let Non-Standard Credit 3-Year fixed rate, now reduced from 6.39% to 6.09%.
• This deal comes with a maximum LTV of 75% and a product fee of £1,195.
• For landlords with standard credit profiles, the Buy-to-Let 5-Year Fixed Rate now has a rate of 5.19%, down from 5.89%.
• This mortgage allows landlords to borrow up to 80% of the property’s value, and there is a £1,195 product fee.

Holiday let investors:

• The Holiday Let 2-Year fixed rate has been cut to 5.69% from 5.89%, offering a competitive option as the holiday season ends.
• This deal comes with a maximum 75% LTV and a product fee of £1,195.

Claire Askham, Head of Mortgage Sales at Buckinghamshire Building Society, said the changes were designed to offer “more flexibility and competitive financing options” for borrowers.

“We remain focused on delivering products that reflect the needs of the market, whether it’s helping landlords with non-standard credit or providing stability with our 95% LTV option,” she added.