Suffolk Building Society – NEW: repriced products + SVR change

Reduced rates across lending areas.

Plus change to SVR.

Suffolk Building Society have reduced rates across a wide range of their core lending areas and made to change to their SVR – please see full details below;

Base rate rise: our SVR has increased

Their SVR increased by 0.15% to 5.39%, as of 1st February.

Fixed rate end dates have been extended

The fixed rate product end dates have been extended (see product information for more details).

Rate reductions

The following changes have been made:

Residential: 

  • 80% LTV:
    • 2 year discount C&I reduced 10bps to 2.15%
    • 2 year fixed C&I reduced 10bps to 2.35%
    • 5 year fixed C&I reduced 10bps to 2.75%
    • 2 year discount IO reduced 10bps to 2.60%
    • 2 year fixed IO reduced 14bps to 2.85%
    • 5 year fixed IO reduced 10bps to 3.15%
  • 90% LTV:
    • 2 year discount C&I reduced 30bps to 2.35%
    • 2 year fixed C&I reduced 15bps to 2.65%
    • 3 year fixed C&I reduced 15bps to 2.75%
    • 5 year fixed C&I reduced 19bps to 2.90%
  • Expat residential:
    • 2 year discount C&I reduced 10bps to 2.70%
    • 2 year fixed C&I reduced 6bps to 2.99%
    • 2 year discount IO reduced 10bps to 2.85%
    • 2 year fixed IO reduced 5bps to 3.15%
  • Shared ownership:
    • 90% share 2 year fixed reduced 10bps to 3.15%
    • 95% share 2 year fixed reduced 9bps to 3.65%
    • 95% share 5 year fixed reduced 10bps to 3.89%
  • Holiday let:
    • 2 year discount reduced 10bps to 3.29%
    • 2 year fixed reduced 14bps to 3.65%

Product Finder – Their easy to use product finer has all the info you need, click here.

Lending Criteria – Browse their residential and buy to let lending criteria, click here.

Calculators – Affordability and rental cover calcs to pre-assess your case, click here.

For help or more information visit here or call 03301231073.

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