Suffolk Building Society has now launched products across its residential, holiday let and buy-to-let mortgages, following its phased return to the market on 20 September with expat and self-build products.
The following mortgages will be available to intermediaries from 13 October for purchase and remortgage:
Residential 80% LTV:
- 2-year discount C&I @ 2.69% (SVR minus 3.15%)
- 3-year discount C&I @ 2.79% (SVR minus 3.05%)
- 2-year discount IO @ 2.99% (SVR minus 2.85%)
- 3-year discount IO @ 3.09% (SVR minus 2.75%)
Holiday let 80% LTV:
- 2-year discount @ 3.59% (SVR minus 2.25%)
Buy-to-let 80% LTV:
- 2-year discount @ 3.45% (SVR minus 2.39%)
Discount products will be subject to the Society’s SVR change from 5.84% to 6.34% effective 1 November 2022.
Charlotte Grimshaw (pictured), head of intermediary relations at Suffolk Building Society said: “After the temporary measure to pause our lending activity we are now pleased to return to market with further product options, having recently launched self build and expat deals.
“By adopting this phased approach we have been able to manage a steady inflow of applications whilst progressing cases in our existing pipeline, successfully reducing our service times to a comfortable level. Through this careful management, I am delighted we are now able to offer a wider range of products.
“We are committed to underwriting and progressing cases within a comfortable timeframe, managing our SLAs to ensure we’re giving a positive service to brokers and, in turn, their customers.”
