Ipswich Building Society has launched a trio of discount mortgage products which it says will help younger borrowers with small deposits the chance to get on the property ladder.
At 95% loan-to-value (LTV) purchase applicants can access a two-year discount rate currently at 3.79%.
For borrowers with a larger deposit, a 2.24% two-year discount product is available up to 80% LTV open to remortgage and purchase borrowers.
A 95% LTV shared ownership product has been added to the range at 4.49%.
All products have a loan cap of £350,000, a fee of £199 on application, no completion fee and no early repayment charges.
Paul Winter (pictured), CEO of Ipswich Building Society, said “We’re continuing to offer choice to homebuyers of all shapes and sizes and these latest products may provide comfort to aspiring younger homeowners with low deposit saving but acceptable levels of affordability.”
