Suffolk Building Society has reduced interest rates across a range of its high loan-to-value (LTV) residential mortgage products.
The new rates, which are available from today, apply to both purchase and remortgage deals.
The 80% LTV, 2-year discount rate will now be 5.39%, down from a previous rate of 6.15%.
Meanwhile, the 80% LTV, 2-year fixed rate has been set at 5.69%. The rate for an 80% LTV, 3-year fixed mortgage has also been adjusted to 5.69%.
For those considering a 90% LTV mortgage, 2-year and 3-year fixed rates are now both 5.99%, down from 6.29%.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “It is good to see some healthy reductions from Suffolk BS in their latest repricing. These latest rates breaking the 6% benchmark.”
