Interest only rate drops up to 16bps – A brand new 90% 2 Year Discount
After Monday’s magnificent criteria update, we’ll get straight to the point –these are dropping today.
New Products
Interest Only Resi
- 2 year discount – 4.85% (was 5.00%)
- 2 year fix – 4.99% (was 5.15%)
- 5 year fix – 5.09% (was 5.25%)
- 90% LTV
- 2 year discount – 4.95% *NEW*
Why our later life proposition is so well respected.
- No maximum age at end of term – up to 40 year term.
- We class pension assets as income, even if not currently being drawn – will use 80% of pension pot and divide by mortgage term.
- Interest only available up to 70% LTV. Downsizing accepted as a repayment vehicle.
- Part & part available up to 80% LTV.
- Maximum 80% LTV lending into retirement.
- Manual underwriting, credit checking not scoring.
Scratching your head with a case?
Give our support squad a call on 0330 123 1073 or email bdt@suffolkbuildingsociety.co.