Suffolk Building Society has resumed lending at loan to value (LTV) to 80 per cent after a temporary withdrawal from this level.
This includes a two-year fix for purchase and remortgage with a rate of 6.35 per cent as well as a variable rate option at 5.49 per cent.
There is also a two-year discount rate priced at 5.79 per cent and an interest-only option with a rate of 6.65 per cent.
Additionally, there are expat, self-build, holiday let and buy to let options.
The mutual has also raised its maximum loan size from £500,000 to £1m, with the exception of expat holiday let products which have been increased to £750,000.
To secure outgoing products, intermediaries should submit a decision in principle (DIP) by close of business on 4 September. Full mortgage applications must be submitted by 11 September.
Andrew Sadler (pictured), key account manager at Suffolk Building Society, said: “We’re thrilled to be back in the 80 per cent LTV market, with an increased maximum loan size.
“Underwriting and progressing cases within our target timeframe is key and we’re now looking forward to helping brokers to place more cases for their customers following this relaunch.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
