Suffolk Building Society has reintroduced a number of two-year fixed rate products to its range.
The following mortgages are now available to intermediaries for purchase and remortgage:
Residential:
● Two-year fixed rate at 6.49% fixed until 31.12.2025, then reverting to SVR minus 1.74% until 31.03.2029 with a 3% floor.
● 90% LTV, min loan £75k, max loan £500k, application fee £199, completion fee £999.
Buy-to-let:
● Two-year fixed rate at 6.59% fixed until 31.12.2025, then reverting to SVR.
● 80% LTV, min loan £75k, max loan £1m, application fee £199, completion fee £999.
Expat buy-to-let:
● Two-year fixed rate at 6.75% fixed until 31.12.2025, then reverting to SVR.
● 80% LTV, min loan £75k, max loan £1m application fee £199, completion fee £1,499.
Holiday let:
● Two-year fixed rate at 6.75% fixed until 31.12.2025, then reverting to SVR.
● 80% LTV, min loan £75k, max loan £1m, application fee £199, completion fee £999.
Expat holiday let:
● Two-year fixed rate at 6.80% fixed until 31.12.2025, then reverting to SVR.
● 80% LTV, min loan £75k, max loan £750k, application fee £199, completion fee £1,499.
Andrew Sadler, key account manager at Suffolk Building Society, said: “Brokers and their clients always want choice. That’s why we are returning with the types of products that brokers are accustomed to us offering. In particular, the 90% LTV product will allow us to support first-time buyers with a smaller deposit once again, helping more people get a foothold on the housing ladder.
“Following broker feedback, we’re also pleased to be again offering fixed rates on our buy-to-let, holiday let and expat products.”
