"We’re pleased to demonstrate our commitment to continually provide good value to brokers and their clients by further reducing rates."
- Andrew Sadler, key account manager at Suffolk Building Society
Suffolk Building Society has reduced rates on its 95% residential products and five-year expat buy-to-let mortgage.
95% LTV two and three-year residential products have reduced by 26bps to 5.89%, with a minimum loan of £75,000, maximum loan of £500,000, £199 application fee and £999 completion fee.
After the fixed rate period, products revert to the Society's SVR minus 1.74% until 31st July 2029 with a 3% floor.
Suffolk's five-year fixed rate expat buy-to-let product has reduced by 14bps to 5.95%, followed by SVR for the remainder of the mortgage term.
The productt is available up to 80% LTV with a maximum loan of £1m, £199 application fee and £1,499 completion fee.
Both products are available for purchase and remortgage on a capital and interest basis.
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.”
