Suffolk Building Society has reduced the rates on its 95% loan to value (LTV) residential products and five-year expat buy-to-let mortgage.
The following are available for purchase and remortgage on a capital and interest basis:
Residential:
- Two and three-year products repriced to 5.89% (reduction of 26 bps), then reverting to the SVR minus 1.74% until 31/07/2029 (with a 3% floor).
- 95% LTV, minimum loan £75k, maximum loan £500k, application fee £199, completion fee £999.
Expat buy-to-let:
- Five-year fixed rate at 5.95% (reduction of 14 bps) then the SVR for the remainder of the mortgage term.
- 80% LTV, minimum loan £75k, maximum loan £1m, application fee £199, completion fee £1,499.
Andrew Sadler, key account manager at Suffolk Building Society, said: “We’re pleased to demonstrate our commitment to continually provide good value to brokers and their clients by further reducing rates. This is particularly important for those with a small deposit, such as first-time buyers. This will also be of interest to UK nationals living overseas who often prefer the security of a five-year deal.”