Suffolk Building Society has announced rate cuts on its expat holiday let and expat buy-to-let products.
The mutual is reducing rates by up to 30 bps, and extending the end dates of the deals.
The changes are as follows:
- 80% LTV expat holiday let two-year fixed cut by 30bps to 6.09% (previously 6.39%) now extended until 31 October 2026.
- 80% LTV expat buy to let two-year fixed reduced by 10bps to 5.99% (previously 6.09%) now extended until 31 October 2026.
- 80% LTV expat buy to let two-year fixed (3% completion fee) at 5.29%, now extended until 31 October 2026.
Other buy-to-let and holiday let products have also been repriced and/or extended.
Charlotte Grimshaw (pictured), head of intermediary relations and mortgage sales at Suffolk Building Society, said: “As expat and holiday let specialists, we’re continually monitoring the market and reviewing our proposition. We’re aware that it’s a challenging time at the moment, especially with rates and the ICR stress tests.
“By repricing our expat holiday let and expat buy to let products, we’re helping expat borrowers, particularly with rental coverage requirements.”
