Suffolk BS returns to lending across residential and buy-to-let

On its residential range, new 80% LTV products include a two-year discount rate of 2.69% and a three-year discount at 2.79%. For interest-only, two-year discount rates start at 2.99% and three-year discounts from 3.09%.

Across buy-to-let, a two-year discount rate is available at 3.45% at 80% LTV and a holiday let equivalent starts at 3.59%.

Discount products will be subject to the Society’s SVR change from 5.84% to 6.34% effective 1st November 2022.

Charlotte Grimshaw, head of intermediary relations at Suffolk Building Society, said: “After the temporary measure to pause our lending activity we are now pleased to return to market with further product options, having recently launched self build and expat deals.

“By adopting this phased approach we have been able to manage a steady inflow of applications whilst progressing cases in our existing pipeline, successfully reducing our service times to a comfortable level. Through this careful management, I am delighted we are now able to offer a wider range of products.

“We are committed to underwriting and progressing cases within a comfortable timeframe, managing our SLAs to ensure we’re giving a positive service to brokers and, in turn, their customers.”