Suffolk BS reintroduces key residential and buy-to-let products

From tomorrow, Suffolk Building Society will reintroduce four five-year fixed products, which were withdrawn last month due to market volatility.

The products are available for purchase or remortgage and come with a £199 application fee and £999 completion fee. 

A new residential five-year fixed rate has launched at 5.75% up to 90% LTV.

New buy-to-let products start from 5.79% up to 80% LTV, with a buy-to-let light refurb mortgage available at 5.89% and a holiday let mortgage at 5.85%.

Charlotte Grimshaw, head of mortgage intermediaries at Suffolk Building Society, said: “For many it’s a difficult time, financially. Two groups facing significant challenges are landlords and first-time buyers, so we’re glad to be providing more buy-to-let and high LTV options. 

"By offering five-year fixed rates, we’re providing an option of longer rate security, combined with improved affordability or rental coverage.”