Suffolk Building Society has reduced fixed rates across parts of its holiday let and expat range, alongside a cut to its standard variable rate.

The mutual said selected holiday let and expat holiday let mortgages will see reductions of between 25bps and 26bps, effective from 15 January 2026.

In addition, the society confirmed that its standard variable rate will fall by 25bps, reflecting the Bank of England’s decision to cut the base rate on Thursday 18 December 2025. The revised SVR will take effect from 1 February 2026.

HOLIDAY LET RATE CHANGES

Within the holiday let range, the 80% LTV two-year fixed product has been reduced by 26bps to 5.19%, down from 5.45%.

The equivalent 80% LTV expat holiday let two-year fixed rate has been cut by 25bps to 5.64%, from 5.89%.

EXPAT RESIDENTIAL REDUCTIONS

Suffolk has also announced a series of smaller reductions across its expat residential range, all effective from 15 January 2026 and accompanied by extended end dates.

The 80% LTV expat residential two-year fixed capital and interest product has been reduced by 10bps to 5.19%, while the interest-only version at the same LTV has been cut by 10bps to 5.39%.

Meanwhile, the 90% LTV residential two-year fixed rate has been lowered by 10bps to 5.49%.

Charlotte Grimshaw, head of intermediaries at Suffolk Building Society, said: “Last week we announced significant criteria enhancements for brokers and their customers, so it’s great to be able to also move rates and SVR in the right direction.

“There are multiple reasons expats may choose to own a property in the UK. An expat holiday let can be the best of both worlds – it’s a source of income, while also offering a flexible UK base, for up to 60 days, for expats when they’re in the country.”