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.
Suffolk Building Society – discount rates changing and new 95% deals
Today we’re making changes to our discount range, introducing new deals for 95%, 90% and 80% LTV tiers alongside repricing some existing 80% products (offering you extended DIP and FMA submission dates, of course).
Some of these new products feature reduced ERCs, offering your clients added flexibility.
Full details of these changes can be found below and we’re on hand to help, so give us a call on 0330 123 1073 (option 1) if you need to speak to us.
The changes.
NEW up to 95% LTV
Residential, capital & interest:
2-year discount @ 2.65%, 2-year ERC
3-year discount @ 2.75%, 2-year ERC
NEW up to 90% LTV
Residential, capital & interest:
3-year discount @ 2.45%, 2-year ERC
* Existing 2-year product remains in range:
2-year discount @ 2.35%, 2-year ERC
NEW up to 80% LTV
Residential, capital & interest:
3-year discount @ 2.09%, 2-year ERC
Buy to let:
2-year discount @ 2.75%, 1-year ERC
Residential, interest only:
3-year discount @ 2.25%, 2-year ERC
80% LTV reprices
Residential:
C&I 2-year discount was 1.90%, now 1.99%, 1-year ERC
I/O 2-year discount was 2.10%, now 2.15%, 1-year ERC
For the repriced products we have implemented the following deadlines for submission of DIPs and FMAs, so you can still submit existing cases after the product withdrawals.
DIPs can be submitted on old rates up to 5pm on Tuesday 26 July.
Mortgage applications from these previously submitted DIPs can be submitted up to 5pm on Friday 5 August.