Suffolk BS returns to 90% LTV market

Published on

Suffolk Building Society has reintroduced a number of two-year fixed rate products to its range.

The following mortgages are now available to intermediaries for purchase and remortgage:

Residential:

● Two-year fixed rate at 6.49% fixed until 31.12.2025, then reverting to SVR minus 1.74% until 31.03.2029 with a 3% floor.
● 90% LTV, min loan £75k, max loan £500k, application fee £199, completion fee £999.

Buy-to-let:

● Two-year fixed rate at 6.59% fixed until 31.12.2025, then reverting to SVR.
● 80% LTV, min loan £75k, max loan £1m, application fee £199, completion fee £999.

Expat buy-to-let:

● Two-year fixed rate at 6.75% fixed until 31.12.2025, then reverting to SVR.
● 80% LTV, min loan £75k, max loan £1m application fee £199, completion fee £1,499.

Holiday let:

● Two-year fixed rate at 6.75% fixed until 31.12.2025, then reverting to SVR.
● 80% LTV, min loan £75k, max loan £1m, application fee £199, completion fee £999.

Expat holiday let:

● Two-year fixed rate at 6.80% fixed until 31.12.2025, then reverting to SVR.
● 80% LTV, min loan £75k, max loan £750k, application fee £199, completion fee £1,499.

Andrew Sadler, key account manager at Suffolk Building Society, said: “Brokers and their clients always want choice. That’s why we are returning with the types of products that brokers are accustomed to us offering. In particular, the 90% LTV product will allow us to support first-time buyers with a smaller deposit once again, helping more people get a foothold on the housing ladder.

“Following broker feedback, we’re also pleased to be again offering fixed rates on our buy-to-let, holiday let and expat products.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Other news

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...