Suffolk BS have joined the large loan market today, with two new 2-year fixed-rate mortgages for loans between £1m and £2m.
The standard resi large loan product, and the expat resi large loan product, are both available up to 80% LTV.
Both products are fixed until 30 April 2026 and revert to the SVR minus 1.74% until 31 July 2029 (with a 3% floor).
The expat product is available to those working abroad who are paid in Sterling or accepted foreign currencies: Euro, US Dollar, Canadian Dollar, Singapore Dollar, Hong Kong Dollar, Swiss Franc, Norwegian Krone, UAE Dirham, Kuwaiti Dinar or Qatari Riyal.
The details:
- Available for purchase and remortgage.
- C&I only.
- Resi 2-year fixed at 5.19%.
- Expat 2-year fixed at 6.09%.
- Maximum LTV 80%.
- Minimum loan size £1m, maximum loan size £2m.
- Application fee £199 and completion fee 0.10% of loan.
Criteria and reasons to choose us.
Our criteria in brief
- No maximum age.
- For joint applications we can consider when only one applicant holds a British Passport (subject to British national meeting our criteria and affordability requirements).
- Income: multiple sources used for affordability, including pension, rental, investment. 5.49x income multiple when an applicant earns £100k+.
Why Suffolk?
- Every case manually underwritten.
- Overpayments: 50% ERC-free on all products.
- We’ll consider annexes, and flats above good quality commercial.
- We credit check, not credit score.
- Deposits built up in the country of residence are accepted and only need to be back in the UK in time for completion.
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