The society has reduced rates on products available to direct applicants, selected networks and clubs and intermediaries by between 0.10% and 0.30% and changed some end dates and early repayment charges.
Among the changes are a reduction of 0.20% on the two-year fixed rate 90% loan-to-value (LTV) product to 2.69%, and a reduction of 0.30% on Ipswich’s shared-ownership two-year fixed rate product, now at 4.69%.
Chief executive of Ipswich Building Society Paul Winter (pictured), said a manual underwriting process is applied to all mortgage applications to give a fair assessment of affordability.
“Our inclusive approach to lending means we will continue to innovate, refreshing our range to allow access to the widest possible group of borrowers and continuing to meet the needs of mortgage misfits,” he said.
The new lower rates are available for shared ownership, large loan, self-employed and contractor applicants.
