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.
Policy Update – 5.5x income multiplier
We are increasing our minimum income requirement for loans exceeding 4.5x multiplier effective Wednesday 6th July.
We can go up to 5.5x income where at least one applicant earns £100,000 or more (previously £75,000).
Where income is below this level then the maximum income multiplier is 4.5x
All about self build & renovation + new product with no ERC
We’ve been supporting intermediaries with self build cases for many years, with an expert support team and manual underwriters on hand to help.
Self build isn’t just for new projects, it also covers conversions, renovations and knock down and rebuilds too.
New product alert!
Just launched: ERC-free deal for loans up to £400k at 80% LTV.
- 2-year discount rate at 3.99% (SVR – 1.55%)
- For both purchase and remortgage
- Application fee £199, completion fee £2,499