Buckinghamshire Building Society has announced it is temporarily suspending new Decisions In Principles (DiPs).
As of Monday 7 December, the society stated it will only be accepting applications where the DIP has been accepted prior to this date.
Buckinghamshire indicated it had continued to experience “very high” demand across its product range, and said it will prioritise serving brokers on cases already in its pipeline, with operational and underwriting resources set to be “stretched” over the Christmas period.
“We pride ourselves on offering and maintaining exceptional service standards,” said Buckinghamshire head of lending, Tim Vigeon. “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 reopening for new DIPs again in the new year.”
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