Suffolk BS cuts residential rates by up to 0.20%

Suffolk Building Society has announced rate reductions of up to 20bps across seven fixed rate residential mortgages. 

At 80% LTV, two-year fixed rates have reduced by 16bps, now at 4.79% with an interest-only product down to 4.99%.

Five-year fixed rates at 80% LTV have reduced by up to 20bps, with a capital & interest product reducing to 4.95% and an interest-only product down to 5.09%.

90% LTV two and five-year fixed rates have reduced by 10bps to 4.99% and 5.05% respectively. In addition, a two-year fixed rate at 95% LTV has decreased by 10bps to 5.25%.

The two-year fixed rate products will also be set up with extended end dates to ensure that borrowers can benefit from a full two-year fixed period. 

Charlotte Grimshaw, head of intermediaries at Suffolk Building Society, said: "As we approach the last couple of weeks of 2025, we’re excited to offer further rate reductions, this time across our residential range, including 95% LTV products. They follow last week’s reductions in two of our niches – self build and expat buy-to-let. Today’s cuts will be welcomed by first-time buyers, those looking at intergenerational lending, older borrowers and more. 

“After all the recent uncertainty, any downward movement in rates is welcome. Our latest reductions will, we hope, provide some added confidence as we move towards the new year - particularly with the possibility of a base rate cut on Thursday.

“As always, we aim to help brokers navigate complex cases that benefit from manual underwriting, paired with lower rates. Hopefully it’s a good news story for everyone this side of Christmas.”