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Take Five: fix with us for five years

Written by Ipswich Building Society

9 Aug 2018

Tags

Buy to Let, Expat, Five years, Fixed rate

2 min read

In the current interest rate environment many mortgage holders are choosing to fix their rates for added security. We’ve launched three new five year fixed rate products for:

  • Later life: applicants 50+, with no max age and up to 40 year term. 3.50% fixed until 30/09/2023. 75% LTV up to £500k. App fee £199, completion fee £500, CHAPS fee £35.
    Valuation fee may also be payable.
  • Buy to let: for landlords with max 3 properties in whole portfolio. 3.50% fixed until 30/09/2023. 80% LTV up to £500k. App fee £199, completion fee £1,250, CHAPS fee £35.
    Valuation fee may also be payable.
  • Expat buy to let: for UK nationals, salary can be paid in foreign currency. 4.15% fixed until 30/09/2023. 75% LTV up to £500k. App fee £199, completion fee £1,499, CHAPS fee £35.
    Valuation fee may also be payable.

Here are five reasons why you should think about fixing with us for five years:

  1. Residential affordability calculated on product pay rate only – no stress testing
  1. BTL rental cover calculated at 125% of pay rate for transitional (applicant remortgaging from another lender, not changing borrowing requirement and must be on existing BTL contract taken out prior to 1 January 2017)
  1. No maximum age on any of our mortgage deals
  1. 50% ERC free overpayments (calculated on original loan amount). ERC 5% until 30/09/2023
  1. Expert manual underwriting on all applications, taking personal circumstances into account

Note: our five year range has limited availability and products may be withdrawn at any time.

View our current range of later life, buy to let and expat products.

This article was published under our previous name of Ipswich Building Society. We changed our name in 2021 – get in touch if you have any questions.

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