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

ModaMortgages cuts rates with limited edition buy-to-let range

ModaMortgages has launched a limited edition buy-to-let range with rates reduced by up to...

First-time buyers face confidence gap as unexpected costs and delays mount

Nine in 10 first-time buyers believe they understand the home-buying process before starting, but...

Family BS hires Paul Ormonde for Central London broker role

Family Building Society has appointed Paul Ormonde as a business development manager covering Central...

LendInvest raises £300m through latest Mortimer securitisation

LendInvest has completed its eighth Mortimer residential mortgage-backed securitisation, securing £300 million of funding...

TMG adds Gable Mortgages to lender panel

TMG Mortgage Network has added Gable Mortgages to its lender panel, giving member firms...

Latest publication

Other news

ModaMortgages cuts rates with limited edition buy-to-let range

ModaMortgages has launched a limited edition buy-to-let range with rates reduced by up to...

First-time buyers face confidence gap as unexpected costs and delays mount

Nine in 10 first-time buyers believe they understand the home-buying process before starting, but...

Family BS hires Paul Ormonde for Central London broker role

Family Building Society has appointed Paul Ormonde as a business development manager covering Central...