The Buckinghamshire Building Society has temporarily suspended new applications following “unprecedented demand” for its mortgage products.
The mutual is suspending new Decisions In Principles (DIPs) and will only be accepting applications where the DIP has been accepted prior to this date.
It says it has taken the decision to prioritise serving brokers on cases already in our pipeline, as its operational and underwriting resources will be stretched over the Christmas period.
Tim Vigeon, head of lending at the Buckinghamshire Building Society, said: “We pride ourselves on offering and maintaining exceptional service standards. Our award winning product range is perhaps the widest of any small society, serving first time buyers, movers, landlords, lending into and in retirement, self build and all points in between.
“Our individual human underwriting approach is time consuming but ensures that we can offer our products to many borrowers who are rejected by the standard ‘computer says no’ approach. We look forward to re-opening for new DIPs again in the new year.”
