The Suffolk brings back five-year residential and buy-to-let fixes

Published on

Suffolk Building Society is reintroducing four five-year fixed rate mortgage products after withdrawing them last month because of market volatility.

The products will be available from tomorrow, 30 April, for purchase and remortgage.

They include a five-year fixed rate residential mortgage at 5.75%, available up to 90% loan-to-value.

The mutual is also bringing back a five-year fixed rate buy-to-let mortgage at 5.79%, available up to 80% LTV, and a five-year fixed rate buy-to-let light refurb mortgage at 5.89%, also available up to 80% LTV.

A five-year fixed rate holiday let mortgage will be available at 5.85%, up to 80% LTV.

Each product carries a £199 application fee and a £999 completion fee.

Charlotte Grimshaw, head of mortgage intermediaries at Suffolk Building Society, said: “For many it’s a difficult time, financially. Two groups facing significant challenges are landlords and first-time buyers, so we’re glad to be providing more buy-to-let and high LTV options.

“By offering 5-year fixed rates, we’re providing an option of longer rate security, combined with improved affordability or rental coverage.”

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

Barclays cuts rates and launches sub-4% Premier tracker

Barclays will cut selected mortgage rates from Thursday 30 April and launch a Premier...

Millennials still locked out of homeownership

Only 5% of millennials have reached the life milestones they expected as teenagers, according...

Canada Life makes two executive committee appointments

Canada Life has appointed Rose St Louis as its first chief customer officer and...

iPipeline adds feature badges to SolutionBuilder protection portal

iPipeline has launched Feature Badging on SolutionBuilder, its protection quote and research portal, to...

YBS Commercial trims buy-to-let rates and adds two-year fixes

YBS Commercial Mortgages has reduced rates across its buy-to-let range while introducing new two-year...

Latest publication

Other news

Barclays cuts rates and launches sub-4% Premier tracker

Barclays will cut selected mortgage rates from Thursday 30 April and launch a Premier...

Millennials still locked out of homeownership

Only 5% of millennials have reached the life milestones they expected as teenagers, according...

Canada Life makes two executive committee appointments

Canada Life has appointed Rose St Louis as its first chief customer officer and...