Your Spring Newsletter from Bucks Building Society
10 April 2025
Hi everyone, Spring is finally here – and with it comes that feeling of fresh starts and renewed momentum.
It’s been a busy few months at Bucks and I wanted to take a moment to share what we’ve been working on to better support you and your clients.
Over the past year we’ve listened to your feedback, kept a close eye on market trends and taken a good look at how we can simplify and strengthen our mortgage offering. We've launched new products, reduced fees, updated our criteria – and now, we’ve brought it all together under a much clearer, more focused proposition.
We’ve defined four key areas of lending where we know we can make the biggest impact:
First-time buyers: With affordability and deposit challenges still front of mind, we’re offering support through JBSP, Deposit Lite, 95% LTV and a more flexible view on gifted deposits, non-standard income and even the occasional credit blip.
Non-standard income: Whether your clients are juggling multiple jobs, freelancing or running a side hustle, we look at the full picture and apply a common-sense approach to help those outside traditional employment.
Credit revive: A one-off missed payment shouldn’t be a dealbreaker. We assess each case on its own merits, particularly when clients have otherwise solid financials.
Credit restore: For those rebuilding after a big life event, we’re here with products that support their journey and help them move forward.
The aim is to make it easier for you to place cases confidently, without second-guessing.
You don’t always need a specialist lender for a specialist case – sometimes, you just need one that truly understands what it does best.
Thanks, as always, for your continued support – and here’s to a positive season ahead!
Claire Askham, Head of Mortgage Sales
Product & Criteria Updates
First up, you’ll notice some new names across our core product ranges. This is about making it easier to match your clients to the right solution at a glance:
- Standard Residential is now Everyday Residential
- Non-standard becomes Credit Revive – with LTV now increased to 85%
- Impaired Credit becomes Credit Restore
We’ve also increased maximum loan sizes across both Credit Revive and Credit Restore, from £500,000 to £750,000, giving your clients more borrowing potential where they need it most.
There have been some key updates to our credit criteria too:
- Everyday Residential will now allow one missed payment in the last 12 months (secured or unsecured). Previously, we didn’t allow any missed payments in the last two years so this is a significant shift towards greater flexibility.
- The allowable limit on CCJs (including parking fines) has also increased across all three product ranges – from £250 to £500.
These updates are all part of our ongoing commitment to lending the Bucks Way – using common sense, offering flexibility, and helping more of your clients find a path to homeownership.
As always, if you’ve got a case you’re not sure about, give our team a call, we’re always happy to talk it through.
Other News
🏆 Vote for Us!
We’re thrilled to be nominated in both the British Mortgage Awards and the What Mortgage Awards this year – and we’d be so grateful for your support. If you’ve enjoyed working with us or feel we’ve made a difference to your clients, please take a moment to vote. It only takes a minute, and it really does mean a lot to the team.
👉 What Mortgage Awards Vote Now
👉 British Mortgage Awards Vote Now
📍Where to Meet Us
Our Key Account Managers are out and about across the country this month, attending broker events, roundtables and industry get-togethers. It’s a great chance to catch up in person, ask any questions, and hear more about how we’re supporting brokers like you.
📅 View our events calendar here
🎧 In Case You Missed It
We’ve been chatting all things mortgages, market trends and lending challenges on some brilliant podcasts recently. If you’re looking for something to listen to between appointments, check them out here:
🎙️ How climate change is reshaping the mortgage market
🎙️ Cutting through the jargon to better understand green mortgages
...and finally,
We’ll be back with another update next quarter, but in the meantime, if you’ve got a case you’d like to talk through – or just want to find out more about how we can support you – our Key Account Managers are always here to help. Whether it’s navigating a complex case or getting a second opinion, we’re just a call or an email away.
Thanks again for your continued support and here’s to a busy, successful Spring for us all!
