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 Suffolk products.
Self Employed – Criteria update
Please see below a copy of an email we sent to our brokers on Friday.
We now accept 1 year’s accounts for ‘start ups’
The applicant must have been in a similar line of work (on an employed basis) for 12 months prior to self-employment.
The email also includes clarification of our criteria for companies/self-employed applicants that have been trading for 2 years, or more.
Fixed Rate Reprice
We’re repricing
We’re withdrawing and replacing products on Thursday 19 March.
DIP deadline – Wednesday 18 March 5pm for current products.
App deadline – Monday 23 March 5pm for current products.
Full details of products being replaced are here.
Interest Only CRITERIA CHANGE
We’re increasing our maximum loan on Interest Only to £1.5m, without referral.
We will continue to accept referrals >£1.5m
The above includes Part & Part loans, too.