History

As with other building societies in the UK, the Buckinghamshire Building Society has a long history, by first being founded in 1907 as the Chalfron & District Permanent Society in Chalfont St Giles, in Buckinghamshire, England. It was then renamed the Buckinghamshire Building Society in 1961.

In the beginning, the society established a very strong local presence in the community in the mortgage and savings sector and maintained a strong foothold with over £100m in asset base by 2003. And with a logo of the Buckinghamshire swan, its brand was easily recognizable.

The Buckinghamshire Building Society was set up as a mutual society and therefore owned by its members. With no shareholders to pay, its aim was to provide value to its members in a distinct way throughout England and Wales.

Unfortunately, in 1998, the original building in Chalfont St Giles was destroyed by fire but was rebuilt later that year. That was not the end to the Buckinghamshire Building Society's bad luck however and in January 2007, the society was forced to restrict the opening of new savings account.

The Society continues to recognise the importance of helping the local community, and frequently supports local events, schools, clubs and charities. And they combine a national aspect of customer support with the well-established personal service wherever possible that has always been its hallmark.

Remortgages offered through the Buckinghamshire Building Society

The following outlines the remortgage options available through the Buckinghamshire Building Society:

Discount rate - your mortgage will be set at a discount off the variable Base Mortgage Rate for an agreed term. The Buckinghamshire has discount deals for 3, 4 and 5 years. The Buckinghamshire also has a mortgage product that is set at a discount throughout the mortgage term. Overpayments are allowed, however if you repay the mortgage within the discount period or overpay more than 10% of the mortgage in one year an early repayment charge will apply. An arrangement fee is applicable. You can choose to take out a Capital repayment mortgage or an Interest Only mortgage (you also need a financial repayment vehicle to go with this option).

Tracker - your mortgage is set according to the Bank of England base rate plus an amount determined by the Society. Overpayments are allowed, however if you repay the mortgage within the first two years or overpay more than 10% of the mortgage in one year an early repayment charge will apply. An arrangement fee is applicable. You can choose to take out a Capital repayment mortgage or an Interest only mortgage (you also need a financial repayment vehicle to go with this option).

Buy to Let - the standard rate for this type of product is set by the Society. There are also discount schemes for 2, 3, 4 and 5 years. Discounts are set off the Base Mortgage Rate and the rate you will pay is dependent on which product you choose. Overpayments are allowed, however if you repay the mortgage within the discount period or overpay more than 10% of the mortgage in one year an early repayment charge will apply. An arrangement fee is applicable. You can choose to take out a Capital repayment mortgage or an Interest only mortgage (you also need a financial repayment vehicle to go with this option).

Buy to Let tracker mortgage - this is set for the mortgage term according to the Bank of England base rate plus a charge set by the Society. Overpayments are allowed, however if you repay the mortgage within the first two years or overpay more than 10% of the mortgage in one year an early repayment charge will apply. An arrangement fee is applicable. You can choose to take out a Capital repayment mortgage or an Interest only mortgage (you also need a financial repayment vehicle to go with this option).

If you are interested in a mortgage quotation including those offered by The Buckinghamshire Building Society please complete our quick enquiry form.

The Buckinghamshire Building Society can also help you look after yourself in case of unemployment or accident. It has two policies including the Mortgage Payment Protection Insurance and Buildings Insurance.