Suffolk Building Society has cut the rate on its 90% LTV residential three-year fixed product to 4.99% (a reduction of 40bps).
Meawnwhile, the Society is withdrawing its 80% LTV and 95% LTV three-year fixed options from its range. The DIP deadline for the withdrawn 80% and 95% products is 15 April, and the App deadline is 22 April.
The Society has also announced reductions on its holiday let products, as well as extending the end date on two-year fixed products.
The following are now available:
Residential:
- 90% LTV three-year fixed repriced to 4.99% (reduction of 40bps)
Holiday let:
- The Society’s holiday let two-year fixed has been reduced by 29bps to 5.80% (previously 6.09%) until 30/06/26.
- The holiday let five-year fixed is also repriced, to 5.69% for 60 months.
- The holiday let two-year discount has been cut by 30bps to 5.79% (from 6.09%) for 24 months.
- The expat holiday let two-year discount has been reduced to 6.19% (from 6.29%) for 24 months.
- Finally, the expat holiday let five-year fixed has been cut by 20bps to 6.09% (previously 6.29%) for 60 months.
All five holiday let products are available up to 80% LTV and will then revert to SVR at the end of their respective mortgage terms.
Charlotte Grimshaw (pictured), head of intermediary relations, Suffolk Building Society, said: “While we’re known for our niches of older borrowers, holiday lets, expats and self build, it’s great to also be supporting residential borrowers with a highly competitive rate at 90% LTV. We’re pleased to be supporting intermediaries and their clients with this 90% residential three-year fixed below 5%.
“The holiday let market also remains a good investment for many people, especially with the popularity of ‘staycations’ showing little sign of waning just yet. By offering reductions of up to 30bps, we can continue to satisfy the growing demand for holiday properties.”