The Buckinghamshire Building Society

The Buckinghamshire Building Society was founded by a group of local businessmen in Chalfont St Giles founded in 1907. Today its head office is in Chalfont St.Giles and it has a branch office in Chalfont St.Peter. Its assets have grown from £1m in 1960 to over £100m by the year 2003. And in the last seven years the Society's membership has doubled in size.

As The Buckinghamshire Building Society is a mutual society, and is owned by its members, it has no shareholders to pay, so it aims to provide value to existing and new members through competitive products. It has the following types of mortgages for property through England and Wales:

• Discount
• Tracker
• Buy to Let

Discount rate: your mortgage will be set at a discount off the variable Base Mortgage Rate for an agreed term, which is one of 3, 4 or 5 years. The Buckinghamshire also has a mortgage product that is set at a discount throughout the whole 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 rate is related to the base rate of the Bank of England, added is 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 product type 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 depends 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).

The Buckinghamshire also has a Buy to Let tracker mortgage: this is set for the mortgage term according to the Bank of England base rate, with a charge set by the Society is added.

• 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).

The Buckinghamshire Building Society can also help you look after yourself in case of unemployment or accident. It has two policies:

• Mortgage Payment Protection Insurance
• Buildings Insurance

Mortgage Payment Protection Insurance: by taking out this insurance, you can protect yourself from the risk of losing your home if you fall behind with your mortgage repayments and you are unable to catch up again.

• The policy pays your monthly mortgage payment for up to 12 months if you suffer accident, sickness or unemployment.

Buildings Insurance: this is mandatory, but you do not have to take out with the Society. The Buckinghamshire will provide you with a competitive quote for cover, either on a standard basis or with accidental damage. The annual premium will be included with your monthly mortgage repayment.

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