Suffolk Building Society

First time buyers need support. And we’re here for it.

New 5-year Shared Ownership✅ 

Reductions on 95% Resi and 2-year Shared Ownership  ✅

And in our specialist niches…

Holiday Let 5-year down 10bps ✅ 

 Expat BTL 5-year down 29bps ✅

The housing market needs first time buyers to keep it moving. And they’re finding it tough! So we’re offering three product changes to help your clients with affordability. 

We hope by now you know how strong we are on expat and holiday let. Our helpdesk, BDMs and underwriters really know their stuff, from currencies and haircuts, to which locations we’ll accept for holiday let. 

If we can help with something a bit complex, we’ll always use common sense to get your case across the line.

NEW PRODUCTS available from 27 June 2024.

Resi 95% LTV

• 5 Year Fixed at 5.39% (-10bps)

Shared Ownership 95% LTV

• 2 Year Fixed at 5.60% (-15bps)
• 5 Year Fixed at 5.25% (NEW PRODUCT)

Expat BTL 80% LTV 

• 5 Year Fixed at 5.80% (-29bps)

Holiday Let 80% LTV 

• 5 Year Fixed at 5.69% (-10bps)

Five rules we live by:

• Manual underwriting: option to gain pre-DIP agreement.
• Income: multiple sources used for affordability, including pension, rental, investment. 5.49x income multiple when an applicant earns £100k+. 
• Overpayments: 50% ERC free on all products. 
• Property: we’ll consider annexes, flats above good quality commercial 
• We credit check, not credit score.

Doing the double on max loan sizes

NEW – £2m max loan on ALL 80% LTV resi C&I 

Lower fees on amounts above £1m

From today, the max loan size increases from £1m to £2m across all resi and expat resi C&I products up to 80% LTV. So, no more separate large loan products, meaning lower completion fees than before on amounts above £1m.

You’ve now got more choice (discounts and fixed rather than just fixed), making sprinting through our range easier.

Max loan size is now £2m on:

Resi 80% LTV C&I

• 2 Year Discount at 5.25%
• 2 Year Fixed at 5.29%
• 5 Year Fixed at 4.99%

Expat Resi 80% LTV  C&I

• 2 Year Discount at 5.89%
• 2 Year Fixed at 5.79%
• 5 Year Fixed at 5.59%