Suffolk Building Society has reduced rates across its 95% residential mortgage products and its 5-year expat buy-to-let (BTL) mortgage offering.
The enhancements will be available from today (Monday 29th January) for both purchase and remortgage on a capital and interest basis.
As part of the changes, 2-year and 3-year products were repriced to 5.89%, which will then revert to the Standard Variable Rate (SVR) minus 1.74% until 31st July 2029.
Both options are available up to 95% loan-to-value (LTV), with a minimum loan £75,000 and a maximum loan of £500,000.
The application fee costs £199 and completion fee costs £999.
As for the expat BTL offering, its 5-year fixed rate is now available from 5.95% at 80% LTV, with a minimum loan of £75,000 and a maximum loan of £1m.
Andrew Sadler, key account manager at Suffolk Building Society, said: “We’re pleased to demonstrate our commitment to continually provide good value to brokers and their clients by further reducing rates.
“This is particularly important for those with a small deposit, such as first-time buyers.
“This will also be of interest to UK nationals living overseas who often prefer the security of a 5-year deal.”
