Suffolk Building Society has announced reductions of up to 0.20% across seven fixed-rate residential capital and interest and interest-only mortgages, effective from today, 15th December.
The changes follow a fall in swap rates over the past month.
The rate cuts apply across the society’s residential range, including higher loan-to-value (LTV) products up to 95% LTV.
At 80% LTV, the 2-year fixed capital and interest rate has been reduced by 0.16% to 4.79%, while the 2-year fixed interest-only rate has been cut by 0.16% to 4.99%.
The 5-year fixed capital and interest rate has been reduced by 0.14% to 4.95%, and the 5-year fixed interest-only rate by 0.20% to 5.09%.
At 90% LTV, the 2-year fixed capital and interest rate has been reduced by 0.10% to 4.99%, while the 5-year fixed capital and interest rate has also been cut by 0.10% to 5.05%.
At 95% LTV, the 2-year fixed capital and interest rate has been reduced by 0.10% to 5.25%.
The updated products have been communicated to intermediaries and are now available via the society’s Mortgage Product Finder, with its helpdesk team on hand to support brokers with any queries.
Charlotte Grimshaw, head of intermediaries at Suffolk Building Society, said: “As we approach the last couple of weeks of 2025, we’re excited to offer further rate reductions, this time across our residential range (including 95% LTV products).
“They follow last week’s reductions in two of our niches – self build and expat BTL. Today’s cuts will be welcomed by FTBs, those looking at intergenerational lending, older borrowers and more.
“After all the recent uncertainty, any downward movement in rates is welcome. Our latest reductions will, we hope, provide some added confidence as we move towards the new year – particularly with the possibility of a base rate cut on Thursday.
“As always, we aim to help brokers navigate complex cases that benefit from manual underwriting, paired with lower rates. Hopefully it’s a good news story for everyone this side of Christmas.”
