Suffolk Building Society has cut rates across 10 of its fixed BTL products, by up to 20bps.
With immediate effect, these changes are being made to selected BTL and expat BTL products as well some resi and expat resi products.
The lender’s expat BTL five-year fixed is now available from 5.45%, while the firm’s two-year and five-year fixed 80% LTV products are now available from 5.19% and 5.25%, respectively.
The BTL light refurb products have been cut to 5.29% and 5.35% for two- and five-year fixed periods, respectively.
Additionally, Suffolk’s holiday let five-year fixed product has been reduced to a rate of 5.29%.
"We’re keen to pass on the benefits of the recently lowered swap rates to brokers and customers,” said Charlotte Grimshaw, head of intermediaries at Suffolk Building Society.
“There have been multiple reports of potential buyers delaying decisions until after the Budget, and with existing homeowners expressing trepidation over tax increases, these reductions will hopefully be welcome news.”
