Suffolk BS cuts rates across buy-to-let, expat and holiday let ranges

Suffolk Building Society has announced rate reductions across 14 80% LTV products in its buy-to-let, holiday let and expat ranges.

In its core buy-to-let range, 80% LTV rates have reduced by up to 0.14%, now starting from 5.39% fixed for five years and 5.55% fixed for two years.

80% LTV light refurb rates have also seen reductions, with a two-year fix down to 5.65% and a five-year fix at 5.49%.

In Suffolk's holiday let range, a two-year fix is down by 14bps to 5.65% and a five-year fix by 24bps to 5.45%.

Expat buy-to-let reductions include a two-year fix down to 5.70% and five-year fix down to 5.60%, with expat holiday let two and five-year fixes down to 5.89% and 5.79% respectively.

Expat residential rates have reduced by 10bps, with a standard two-year fix down to 5.69% and a five-year fix at 5.49%. Interest-only rates have also reduced by 10bps, with a two-year fix cut to 5.89% and five-year fix down to 5.69%.

Charlotte Grimshaw, head of intermediaries at Suffolk Building Society, said: “We’re excited to reduce rates on some of our core lending areas. In addition to lowering our rates across many two and five-year fixed rate products, we’re continuing to work on innovative criteria changes to further strengthen our proposition. We’re hoping to share these with you in the near future. 

“By working closely with our brokers, we know that offering flexibility - such as multiple currencies on one application, and using uncrystallised pension pots - is making a huge difference, especially in terms of supporting people with more complex incomes.”