It also introduces new 80% LTV two-year fixes for BTL, expat BTL, holiday let, and expat holiday let
Suffolk Building Society has reintroduced a number of two-year fixed rate products, including a 90% loan-to-value (LTV) residential mortgage.
Available for purchase and remortgage, the 90% LTV two-year residential fixed rate product comes with a £199 application fee and a £999 completion fee. The rate is 6.49%, and loan size is from £75,000 to £500,000.
In addition, the lender launched 80% LTV two-year fixed rate products across buy-to-let, expat buy-to-let, holiday let, and expat holiday let product ranges, with rates at 6.59%, 6.75%, 6.75%, and 6.80%, respectively.
The new 80% LTV products have a minimum loan size of £75,000 and a maximum loan size of £1 million, except the expat holiday let product which has smaller maximum loan size of £750,000. They come with a £199 application fee and completion fees of £999 or £1,499.
“Brokers and their clients always want choice,” remarked Andrew Sadler, key account manager at Suffolk Building Society. “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 BTL, holiday let, and expat products.”
Learn how much deposit do you need for first-time home buyers here.
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