Suffolk BS reintroduces key residential and buy-to-let products
The lender has relaunched a range of five-year fixed rates.
From tomorrow, Suffolk Building Society will reintroduce four five-year fixed products, which were withdrawn last month due to market volatility.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.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC
