Suffolk Building Society has returned to the share ownership market with a competitive two-year fixed rate deal.
The product is priced at 6.09 per cent and is available for purchase and remortgage. It comes with no added advantage and no completion fee.
The minimum loan size is £75,000 and the maximum loan size goes up to £500,000.
The application fee stands at £199.
After the term period, the revert-to-rate of the mutual’s standard variable rate (SVR) minus 1.74 per cent will apply. A three per cent floor also applies.
Andrew Sadler, key account manager, Suffolk Building Society said: “Shared ownership enables more people to get on the housing ladder, by giving an alternative to the traditional mortgage route.
“As shared ownership attracts borrowers who may be unable to save up a larger deposit, we are offering this product on a 90 per cent LTV basis.
“We are a society with a strong social purpose dating back 174 years. Being able to support people to have a place they can call home is at the core of both our lending policy and our charitable aims.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
