Suffolk Building Society has announced a raft of rate reductions across its mortgage range.
The cuts of up to 24bps affect 14 fixed rate products. The reductions are across buy to let, holiday let and all expat ranges (buy to let, residential and holiday let).
Examples include, for buy to let, the lender’s 80% LTV two-year fixed has been cut by 14bps to 5.55% (previously 5.69%) until 31 May 2027.
For holiday let, the 80% LTV two year fixed has been cut by 14bps to 5.65% (previously 5.79%) until 31 May 2027.
For expat buy to let, the 80% LTV two-year fixed has reduced by 15bps to 5.70% (from 5.85%) until 31 May 2027.
And for expat residential, the 80% LTV two year fixed has reduced by 10bps to 5.69% (from 5.79%) until 31 May 2027.
Meanwhile Principality for Intermediaries has announced – from 18 February – the re-introduction of a number of residential mortgages including two, three and five-year 65% LTV products; two three and five-year 75% LTV products; and two-year fixed 95% LTV products (including new build).
The lender has also announced some rate increases – which includes, for residential mortgages, selected two and three year fixed 80% LTV products by up to 0.08%; 5-year fixed 80% LTV products by up to 0.25%.
For buy to let mortgages, five-year fixed 60% LTV products by 0.09%. For residential mortgages (with cashback) five-year fixed 80% LTV product by 0.21%; and two-year fixed 85% LTV product by 0.20%.
Principality has also confirmed that from 1 March 2025, its standard variable rate (SVR) is decreasing from 7.26% to 7.09%
