Suffolk Building Society has announced rate reductions across its mortgage products.
The cuts of up to 24bps are effective from today (17th February) across 14 fixed-rate products.
Rate reductions on holiday let products include an 80% LTV two-year fixed rate cut by 14bps to 5.65% until 31st May 2027, and an 80% LTV five-year fixed rate reduced by 24bps to 5.45% for 60 months.
Rate cuts to expat products include:
Charlotte Grimshaw, head of intermediaries at Suffolk Building Society, said: “We’re excited to reduce rates on some of our core lending areas.
“In addition to lowering our rates across many two- and five-year fixed rate products, we’re continuing to work on innovative criteria changes to further strengthen our proposition.
“By working closely with our brokers, we know that offering flexibility — such as multiple currencies on one application and using uncrystallised pension pots — is making a huge difference, especially in terms of supporting people with more complex incomes.”
