Suffolk Building Society cuts selection of fixed rates

Published on

Suffolk Building Society has reduced the rates on its 95% loan to value (LTV) residential products and five-year expat buy-to-let mortgage.

The following are available for purchase and remortgage on a capital and interest basis:

Residential:

  • Two and three-year products repriced to 5.89% (reduction of 26 bps), then reverting to the SVR minus 1.74% until 31/07/2029 (with a 3% floor).
  • 95% LTV, minimum loan £75k, maximum loan £500k, application fee £199, completion fee £999.

Expat buy-to-let:

  • Five-year fixed rate at 5.95% (reduction of 14 bps) then the SVR for the remainder of the mortgage term.
  • 80% LTV, minimum loan £75k, maximum loan £1m, application fee £199, completion fee £1,499.

Andrew Sadler, key account manager at Suffolk Building Society, said: “We’re pleased to demonstrate our commitment to continually provide good value to brokers and their clients by further reducing rates. This is particularly important for those with a small deposit, such as first-time buyers. This will also be of interest to UK nationals living overseas who often prefer the security of a five-year deal.”

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

Fignum appoints Steve Carruthers as growth director to accelerate next phase of expansion

Mortgage technology specialist Fignum has appointed Steve Carruthers as growth director, signalling its intent...

The Mortgage Stop joins New Leaf

The Mortgage Stop, a Romsey-based brokerage founded by husband and wife team Rohit and...

Howden strengthens south Wales presence with five new appointments

Howden has added to its growing south Wales team with the appointment of five...

SmartSearch enhances watchlist screening with World-Check One integration

SmartSearch, the UK-based provider of digital compliance and anti-money laundering solutions, has integrated the...

Paradigm launches fourth School of Marketing to support advisers

Paradigm has launched the latest edition of its annual School of Marketing, aimed at...

Latest publication

Latest opinions

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Navigating HMO and MUFB complexity with confidence

Historically, larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs) have often...

Other news

Fignum appoints Steve Carruthers as growth director to accelerate next phase of expansion

Mortgage technology specialist Fignum has appointed Steve Carruthers as growth director, signalling its intent...

The Mortgage Stop joins New Leaf

The Mortgage Stop, a Romsey-based brokerage founded by husband and wife team Rohit and...

Howden strengthens south Wales presence with five new appointments

Howden has added to its growing south Wales team with the appointment of five...