Suffolk BS returns to residential, holiday let and BTL lending

Published on

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.”

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

UK risks two-tier energy transition without home investment

The UK risks creating a "two-tier" energy transition unless cleaner and smarter technologies are...

MSB solicitor recognised with Future Leader award at British LGBT Awards

MSB Solicitors is marking Pride Month after one of its solicitors was named Future...

The Yorkshire appoints two non-executive directors

Yorkshire Building Society has appointed Barry O’Dwyer and Philippa Brown as independent non-executive directors. The...

HSBC cuts rates across residential and buy-to-let mortgage ranges

HSBC UK is reducing rates across a broad selection of residential and buy-to-let mortgage...

NHS workers priced out as affordability gap widens

Many NHS workers are being priced out of homeownership with average first-time buyer properties...

Latest publication

Other news

UK risks two-tier energy transition without home investment

The UK risks creating a "two-tier" energy transition unless cleaner and smarter technologies are...

MSB solicitor recognised with Future Leader award at British LGBT Awards

MSB Solicitors is marking Pride Month after one of its solicitors was named Future...

The Yorkshire appoints two non-executive directors

Yorkshire Building Society has appointed Barry O’Dwyer and Philippa Brown as independent non-executive directors. The...