New products for resi, buy to let and holiday let. Effective 13 October.
After the temporary measure to pause the lending activity, Suffolk Building Society is now pleased to return with more new deals, bringing you options for residential, buy-to-let and holiday let all to 80% LTV.
Their short time out of the market enabled them to reduce their service times to a comfortable level, so they can give a positive service to you and your clients.
Criteria update.
Going forward the Society will no longer accept top-slicing applications (formerly available on buy-to-let products).
New products.
| Residential 80% LTV | Buy to let 80% LTV |
|---|---|
| 2-year discount C&I @ 2.69% | 2-year discount @ 3.45% |
| 3-year discount C&I @ 2.79% | Holiday let 80% LTV |
| 2-year discount IO @ 2.99% | 2-year discount @ 3.59% |
| 3-year discount IO @ 3.09% |
Also available.
| Expat residential 80% LTV | Self build |
|---|---|
| 2-year discount C&I @ 3.65% | 80% LTV: |
| 2-year discount IO @ 3.79% | 2-year discount @ 4.09% (max £1m) |
| Expat holiday let 80% LTV | 70% LTV large loan: |
| 2-year discount @ 3.99% | 2-year discount @ 4.65% (max £2m) |
| Expat buy to let 80% LTV | |
| 2-year discount @ 3.99% |
Important news about SVR.
Discount rate products will be subject to the Society’s SVR change to 6.34% effective 1 November 2022. For information about their SVR and how this has changed in response to base rate movement click here.