The Ipswich Building Society has unveiled three new discount mortgages.
A new two year 95% LTV discount mortgage is now available for purchases at a rate of (currently) 3.79%. The product is available for loans up to £350,000 and offers an application fee of £199, no completion fee, unlimited overpayments and no early repayment charge.
A two year 80% LTV discount mortgage at 2.24% has also been launched, and is available for purchases and remortgages. The product is also available for loans up to £350,000 and has a application fee of £199, no completion fee, unlimited overpayments and no early repayment charge. Borrowers who are remortgaging will also benefit from a free evaluation and fee-assisted legals.
A new two year 95% LTV shared ownership discounted product completes the new trio, currently 4.49% (5.5% APR) up to a maximum loan size of £350,000 and available with an application fee of £199, no completion fee, unlimited overpayments and no early repayment charge.
As in all cases of mortgage applications, Ipswich Building Society will apply its manual underwriting process to give an assessment of affordability.
Paul Winter (pictured), CEO of Ipswich Building Society, said: “We’re continuing to offer choice to home-buyers of all shapes and sizes, and these latest products may provide comfort to aspiring younger home-owners with low deposit saving but acceptable levels of affordability.”