New £20k-£50k mortgage launched at Buckinghamshire BS

According to the lender, the new mortgage is on an interest only or repayment basis for loans from £20,000 to £50,000 and is available at 4.74% up to 60% LTV with a minimum property value of £180,000.

Buckinghamshire will lend to borrowers who are self employed and those with pension income, providing affordability can be met.

Julie Hanif, broker relationship manager, commented: “We have had a lot of enquiries from brokers who have clients looking to borrow a small amount to refurbish their home, help out their children or are just moving and only need a small amount. We decided that this was a perfect niche lending area for us.

To us a small mortgage carries just as much importance as a larger one because we value all of our customers, regardless of the amount.”