Welcome - Suffolk Building Society Intermediaries

Welcome to Suffolk for Intermediaries.

We can help your clients throughout England and Wales, whether you’re placing a case for a first time buyer or an older borrower, a self builder or an expat, we’re here and we’ve done it before.

Find the solution that’s right

Our service levels.

AIP referral
We are working to a current turnaround time of 2 working days

Underwriting
We are underwriting fully packaged cases in 10 working days

Document processing
We are currently processing documents within 5 working days

Offer turnaround
A case is passed for consideration for offer in 5 working days

Get to know us

Why you should use us.

Our expert underwriters consider every application individually, so where others see numbers, we see people and we know life doesn’t come neatly packaged.

General lending.

Manual underwriting: option to gain pre-DIP agreement.
Income: multiple sources used for affordability, including pension, rental, investment. 5.49x income multiple when an applicant earns £100k+.
Overpayments: 50% ERC free on all products.
Property: we’ll consider annexes and flats above good quality commercial.
We credit check, not credit score.

Self build & renovation.

For new projects, conversions, renovations and knock down & rebuilds. Includes properties where the build has started.
Max 80% LTV for both purchase and remortgage, plus we will lend against the land value.
Flexible stage releases and interest only available during the build.
Specific products to support eco and highly energy efficient builds.
Penalty free switches after completion to one of our standard products.
Come to us direct… you don’t need to use a packager!
Multiplot accepted (up to a maximum of 10 plots on site).

Joint Borrower Sole Proprietor.

Available on residential, BTL and expat lending.
Four applicants four incomes for UK applications.
Two applicants two incomes for expat applications.
Older family members helping younger relatives.
Younger family members helping older relatives.
Up to 80% LTV.

Older borrowers.

Available on our standard range of products, up to a 40-year term with no maximum age.
Interest only available up to 70% LTV (sale and downsize as a repayment vehicle up to 50% LTV).
Part & part available up to 80% LTV.
Maximum 80% LTV lending into retirement.
We class pension assets as income, even if not currently being drawn – will use 80% of pension pot and divide by mortgage term.

Expat.

For residential, buy to let and holiday let properties, with most countries of residence considered (except UN sanctioned countries).
Multiple currencies accepted on one application.
Can lend to a British national and foreign national (as long as the British national meets criteria and affordability).
Deposits built up in the country of residence accepted.
16 currencies accepted on regulated and residential BTL cases; most currencies accepted on BTL and holiday let.
Up to 80% LTV on residential, BTL and holiday let.

Holiday let.

We offer up to 60 days of personal use.
Will consider first time landlords (must be owner occupiers).
Loans available up to 80% LTV.
We assess the loan amount using the average weekly rental from high, mid and low season.
First time rental properties considered (no requirement to be currently let out).
No maximum age.

Buy to let.

Up to 80% LTV (product dependent).
Can consider non owner occupiers.
We lend on regulated BTLs where family members are residing.
No maximum age.
First time buyer BTL accepted.
Basic Rate/Nil Rate UK taxpayers = 125% ICR required on the stress rate.
Higher Rate/Additional Rate UK taxpayers = 145% ICR required on the stress rate.
BTL Light Refurbishment product.

New build.

We can consider new build houses up to 95% LTV (subject to product availability), for flats up to 75% LTV.
We accept up to 5% builder’s incentive (minimum applicant contribution of 5%).
Mortgage offers valid up to 6 months, 3-month extension available.
Additional Borrowing and Porting offers are valid for 3 months.
Completion and CHAPs fees can be added at 90% LTV subject to affordability.

Product finder.

Use our product finder to browse our current range of deals.

Lending criteria.

View our lending criteria for residential and buy to let.

Calculators.

Our calculators can help you get a better idea of your clients’ potential to borrow the amount they need.

Building relationships

“

Very helpful staff on the phones, helpful BDM, good online portal.

Intermediary, Fakenham via

“

Overall underwriting experience was superb and assessing cases on their individual merit is much better than the high street.

Intermediary, Witham via

“

As usual with the team… they just deliver. Thank you.

Intermediary, Tiverton via

“

The team made an outstanding effort to offer and complete on this case in time to beat the stamp duty deadline – which had a positive impact wider than just the clients, others in the chain also benefited and so this is massively appreciated by more people than you know! Thank you.

Intermediary, London via

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