We’ve reduced rates and launched two new deals

Written by Suffolk Building Society

16 Mar 2022


Product Changes, Shared Ownership

3 min read

Good news – we’ve cut rates and introduced two new products. Here are the headlines:

  1. REDUCED fixed rates across 95% LTV standard range and 90% LTV shared ownership
  2. NEW shared ownership 90% LTV 5-year fixed launched
  3. NEW 2-year discount resi C&I deal, with a 1-year ERC period launched

For full product information and details of what’s currently on offer check our product finder or input case details into your sourcing system. For now, here’s a quick overview of the changes…

Residential 95% LTV fixed rates cut for C&I:
• 2-year reduced by 24bps to 2.99%
• 3-year reduced by 28bps to 3.07%
• 5-year reduced by 24bps to 3.25%

NEW residential discount deal with reduced ERC:
• 2-year discount at 2.10% (SVR minus 3.44%), up to 80% LTV for max loan £1m, with a 1% ERC for 12 months, thereafter ERC free

Shared ownership 90% LTV:
• 2-year fixed reduced by 16bps to 2.99%
• NEW 5-year fixed at 3.25%

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