Suffolk BS reduces pricing on 14 fixed rate products

Suffolk Building Society has introduced rate reductions across its mortgage products following recent market changes.

The cuts of up to 24bps are effective from today and affect 14 fixed rate products.

The reductions are across buy-to-let, holiday let and all expat ranges (buy-to-let, residential and holiday let).

Charlotte Grimshaw (pictured), head of intermediaries at Suffolk Building Society, said “We’re excited to reduce rates on some of our core lending areas. In addition to lowering our rates across many two and five-year fixed rate products, we’re continuing to work on innovative criteria changes to further strengthen our proposition. We’re hoping to share these with you in the near future.

“By working closely with our brokers, we know that offering flexibility – such as multiple currencies on one application, and using uncrystallised pension pots – is making a huge difference, especially in terms of supporting people with more complex incomes.”

Rate reductions

Buy-to-let:

80% LTV 2-year fixed has been cut by 14bps to 5.55% (previously 5.69%) until 31 May 2027.
80% LTV 5-year fixed reduced by 10bps to 5.39% (previously 5.49%) for 60 months.
80% LTV light refurb 2-year fixed reduced by 14bps to 5.65% (from 5.79%) until 31 May 2027.
80% LTV light refurb 5-year fixed cut by 10bps to 5.49% (previously 5.59%) for 60 months.

Holiday let:

80% LTV 2-year fixed has been cut by 14bps to 5.65% (previously 5.79%) until 31 May 2027.
80% LTV 5-year fixed reduced by 24bps to 5.45% (previously 5.69%) for 60 months.

Expat buy-to-let:

80% LTV 2-year fixed reduced by 15bps to 5.70% (from 5.85%) until 31 May 2027.
80% LTV 5-year fixed cut by 5bps to 5.60% (previously 5.65%) for 60 months.

Expat holiday let:

80% LTV 2-year fixed has been cut by 20bps to 5.89% (previously 6.09%) until 31 May 2027.
80% LTV 5-year fixed reduced by 10bps to 5.79% (previously 5.89%) for 60 months.

Expat residential:

80% LTV 2-year fixed (C&I) reduced by 10bps to 5.69% (from 5.79%) until 31 May 2027.
80% LTV 2-year fixed (IO) cut by 10bps to 5.89% (previously 5.99%) until 31 May 2027.
80% LTV 5-year fixed (C&I) reduced by 10bps to 5.49% (from 5.59%) for 60 months.
80% LTV 5-year fixed (IO) cut by 10bps to 5.69% (previously 5.79%) for 60 months.