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.
Effective 19 May.
We’re making changes to some of our fixed rate products for shared ownership and expat buy to let, plus for shared ownership adding a £199 application fee.
To help you with these product changes we’re offering a set period of time to submit DIPs and FMAs, after the products have been withdrawn.
DIPs.
DIPs can be submitted on old rates up to 5pm on Friday 20 May.
FMAs.
Mortgage applications from these previously submitted DIPs can be submitted up to 5pm on Tuesday 31 May.
The changes.
Fixed rate increases:
Shared ownership
90% 5-yr increased by 0.10%, now 3.35%
95% 5-yr increased by 0.09%, now 3.89%
Expat buy to let
5-yr increased by 0.04%, now 3.99%
Application fee:
£199 application fee now applicable to all shared ownership products
End date changes:
May 2024 end dates have been moved to June 2024.