Buckinghamshire Building Society Equity Release Reviews (2022)

We Review Buckinghamshire Building Society Equity Release & Look at the Pros, Cons & Schemes They Offer
Contributors: Nicola Date, Katherine Read. Rachel Wait & Reviewed by Francis Hui
Are You Considering Buckinghamshire Building Society Equity Release? What Are the Pros, Cons & Costs? Read Our Reviews & Discover If Age Partnership Lifetime Mortgage Plans Are for You.

Before You Start Reading…

How Much Can You Release? 👇

 

Equity Release Calculator

Value of Your Home?

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Buckinghamshire Building Society Equity Release



I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release provider with all the choices available.

Or is it?

Is Buckinghamshire Building Society equity release the best?

The companies we profile, are the best in the business to help you unlock the cash tied into your home.We’re here to help you:

  • Understand the services that Buckinghamshire Building Society offers.
  • Determine if they might be able to assist you and your family on your equity release journey.

Let’s find out NOW!

As experts in the equity release field (we’ve reviewed more than 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.

Is Buckinghamshire Building Society the ideal equity release loan company to assist you and your family?

TABLE OF CONTENTS

What’s Equity Release?

An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care.

Who Are Buckinghamshire Building Society?

The Buckinghamshire Building Society was founded in 1907 in Chalfont St Giles by a group of local businessmen as the Chalfont & District Permanent Building Society.

It was renamed the Buckinghamshire in 1961. The Society has 11,000 investing Members, 1,000 borrowers and assets of £243m in 2013.

What About the Buckinghamshire Building Society Equity Release Calculator?

Before you consider using the Buckinghamshire Building Society calculator, please take note.

Our providers can almost always match & BEAT any existing equity release quote that you find through Buckinghamshire Building Society.

So first use this calculator below & see how much you can release.

How Much Can You Release?

Use the Calculator Below 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

Featured In
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Overall Product Rating: 4.65

Why Consider Buckinghamshire Building Society?

Buckinghamshire Building Society offers uncomplicated savings accounts and tailor-made mortgages that are available for their members across England and Wales.

Since its inception in 1907, its goal is to help members unlock their unique savings ambitions and to secure mortgage solutions that are right for them.

The Buckinghamshire Building Society Reviews

Buckinghamshire Building Society’s Equity Release Scheme Reviews

Buckinghamshire Building Society offers retirement mortgages and retirement interest-only mortgages that come with variable interest rates.

Buckinghamshire Building Society Complaints

If you’re dissatisfied with Buckinghamshire Building Society and want to make a complaint, the greatest place to do so is on their website.

They are concerned about their clients and will route you to the appropriate department if possible.

The alternative option, if you choose to use a review site like Trustpilot or Feefo, is to provide an assessment.

Pros & Cons

Pros

  • High maximum LTV at 75%.
  • No application fees.
  • No maximum age.
  • Pension income is accepted as proof of income.
  • Self-employment is accepted.
  • Mortgages from 25 that lead into retirement.

Cons

  • Early completion charges apply.
  • No option for fixed interest rates.
  • High product fees.
  • Valuation fees.
  • Affordability checks required.

Editor’s Rating: 4.78

Buckinghamshire Building Qualification Criteria

  • Minimum Amount of Equity Offered: £25,000
  • Maximum Amount of Equity Offered: £1 million
  • Minimum Age Limit: 25
  • Maximum Age Limit: No maximum
  • Location: Mainland England (including the Isle of Wight), Wales, and mainland Scotland

2.99% Lending Into Retirement (LIR) 3-Year Discount [RE24]

The 2.99% Lending Into Retirement plan is for borrows who will be going into retirement during the life of the mortgage.

Rates start at a discount of 1.75% and are then set at 4.75% for the rest of the term.

2.69% Lending In Retirement (LTR) 3-Year Discount [RE25]

The 2.69% Lending In Retirement (LTR) plan is also for those who’s mortgage will head into retirement.

Initial rates will never go below 2.69% and the standard variable rates sit at 4.75%.

3.19% Retirement Fixed Rate to 28/02/2027 [RE29]

The 3.19% Retirement Fixed Rate plan is designed borrowers who are in retirement or will be in retirement during the lifetime of the mortgage.

This product should be used for all properties in England and Wales. Initial fixed rates are 3.19% until 28 February 2027, followed by a standard variable rate of 4.74%.

2.69% Retirement Interest Only 5-Year Discount [RI09]

with this plan, you’ll receive a Retirement Interest Only 5-Year Discount up to 60% LTV for remortgages and home purchases.

There is a minimum interest rate of 2.69% during the discount period, followed by standard variable rates of 4.75%. This product should be used for all properties in England and Wales.

Buckinghamshire Building Society’s Equity Release Interest Rates & Schemes Compared

Are you looking for a specific equity release scheme?

These are some of the schemes offered or covered by Buckinghamshire Building Society.Search:

Product Name Interest Rate The interest rate is the cost of borrowing the principal. APR The APR includes not only the interest expense on the loan but also all fees and other costs involved in procuring the loan. Type
Buckinghamshire Building Society RIO Mortgage 2.69% 4.2% Discounted

Not what you’re looking for?

Have a look at all the equity release schemes available on the market, with our easy-to-use table or compare the equity release rates!

Learn More About Buckinghamshire Building Society

Buckinghamshire Building Society is a Mutual Society that is owned by its members and is based in the small village of Chalfont St Giles.

Because there are no stockholders to pay, the Society, like other mutual societies, focuses on providing conventional service and value to existing and prospective members.

The Chalfont & District Permanent Building Society was founded in 1907 by a group of local businessmen, and it was renamed the Buckinghamshire Building Society in 1961.

Buckinghamshire Building Society’s services haven’t altered much since 1907; they still offer a variety of straightforward savings accounts as well as “tailor-made” mortgage options to meet the specific demands of their customers.

FCA Details

FCA Address

  • High Street
  • Chalfont St. Giles
  • Buckinghamshire
  • HP8 4QBH P 8 4 Q B
  • UNITED KINGDOM

Trading Names

  • Buckinghamshire Building Society

FCA Permitted Services

  • Banking
  • Mortgages & Home Finance
  • Investments
  • Other Services

Regulators

  • Financial Conduct Authority (FAC) ¹
  • Financial Services Authority Now the Prudential Regulation Authority (PRA) ¹

Registration Numbers

  • FCA Ref Number: 206022
  • FCA Reg Number: 91B

FCA Link

Buckinghamshire Building Society Contact Number

Got Questions

Is Buckinghamshire Building Society A Member of the Equity Release Council?

What Are Buckinghamshire Building Society's Interest Rates?

Who Owns Buckinghamshire Building Society?

Where is Buckinghamshire Building Society Located?

Conclusion

So here’s the scoop – our intention is to help you by finding the best Buckinghamshire Building Society lifetime mortgage so that you can spend the money on something that you really want, rather than on a high tax bill.

Before You Go…

Use the FREE Calculator Below 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

Featured In
yahoofinance marketwatch

Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.

rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
John Lawson

Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.
francis

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
kath icon

Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.
nicola

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

See How Much You Can Release 👇

Use the QUICK form below.

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

As Featured In
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