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 Product Change
We’re making changes to our fixed rate products, which includes increased rates and a withdrawal.
We know this isn’t the news you want to hear, but we want to help make this easier where we can. That’s why we’re offering a set period of time to submit DIPs and FMAs, after the products have been withdrawn.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 Wednesday 4 May.
FMAs.
Mortgage applications from these previously submitted DIPs can be submitted up to 5pm on Friday 13 May.
Increases and a withdrawal.
Rate increases:
95% resi fixed
- 2-yr increased by 0.16%, now 3.15%
- 3-yr increased by 0.12%, now 3.19%
- 5-yr increased by 0.14%, now 3.39%
95% shared ownership fixed
- 2-yr increased by 0.10%, now 3.55%
80% resi C&I fixed
- 2-yr increased by 0.10%, now 2.45%
- 3-yr increased by 0.04%, now 2.49%
- 5-yr increased by 0.10%, now 2.85%
90% resi fixed
- 2-yr increased by 0.14%, now 2.79%
- 3-yr increased by 0.10%, now 2.85%
- 5-yr increased by 0.09%, now 2.99%
80% holiday let fixed
- 2-yr increased by 0.10%, now 3.65%
Withdrawal:
- 80% self build fixed
End date changes.
We’re extending the end dates on a number of our fixed rate products.
- April & May 2024 end dates moved to June 2024
- April & May 2025 end dates moved to June 2025