Suffolk BS returns to 90% LTV residential market

Suffolk Building Society is reintroducing a number of two-year fixed rate products to its range, including a 90% LTV residential mortgage and 80% LTV buy-to-let products.

A residential two-year fixed rate is available at 6.49% up to 90% LTV with a maximum loan size of £500,000 and a £999 completion fee.

For buy-to-let, a two-year fix at 80% LTV starts at 6.59% with a £999 completion fee.

80% LTV two-year fixed rates have also launched at 6.75% for expat buy-to-let borrowers with a £1,499 fee, at 6.75% for holiday let with a £999 fee, and at 6.80% for expat holiday let with a £1,499 fee.

All products are available from today for purchase and remortgage and come with a £199 application fee.

Andrew Sadler, key account manager at Suffolk Building Society, commented: “Brokers and their clients always want choice. 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 buy-to-let, holiday let and expat products.”