Here are the latest updates from the Suffolk Building Society. These products are available via our direct to lender mortgage club which offers you payment on completion as well as specialist mortgage support and more. Click here for a full list of Ipswich products.
Product changes: information on DIPs and FMAs
Effective 26 May.
Today we’re making changes to some of our fixed rate products, withdrawing our 2-year 95% fixed deal plus increasing rates on 80% 2-year and 3-year products and our expat residential range.
Full details of these changes can be found below.
We know short notice product changes can be disruptive so we’re continuing to offer a set period of time for you to submit DIPs and FMAs, after the products have been withdrawn.
DIPs –
DIPs can be submitted on old rates up to 5pm on Monday 30 May.
FMAs –
Mortgage applications from these previously submitted DIPs can be submitted up to 5pm on Friday 10 June.
The changes.
Fixed rate increases:
Expat residential, capital & interest
2-year increased by 0.11%, now 3.10%
5-year increased by 0.10%, now 3.35%
80% fixed, capital & interest
2-year increased by 0.14%, now 2.59%
3-year increased by 0.16%, now 2.65%
Expat residential, interest only
2-year increased by 0.10%, now 3.25%
Product withdrawal:
95% 2-year fixed @ 3.15%
95% deals remaining in range:
3-year fixed @ 3.19%
5-year fixed @ 3.39%