Suffolk Building Society has returned to lending to self-build and expat borrowers.

The building society halted mortgage applications on 8 August and says that this latest move is part of a “phased return” to lending.

Regarding self-build, the new products consist of an 80% LTV two-year discount with an initial rate of 4.09% and a 70% LTV large loan two-year discount with an initial rate of 4.65%.

For expat residential needs, the lender is offering an 80% LTV two-year discount with an initial rate of 3.65% and an 80% LTV two-year discounted interest-only option with an initial rate of 3.79%.

Meanwhile, for expat buy-to-let, an 80% LTV two-year discount comes with an initial rate of 3.99% and a five-year fix is priced at 4.75%.

And for expat holiday lets, Suffolk BS is offering n 80% LTV two-year discount with an initial rate of 3.99%.

Suffolk BS head of intermediary sales Charlotte Grimshaw comments: “Our temporary measure to withdraw from the market has enabled us to progress pipeline cases and get our timescales down to more comfortable levels.

“We are now pleased to begin our phased return to market with products available for self-build and expat clients.

“We are also keen to resume lending with a full product range and will be carefully monitoring our pipeline and timescales, with a view to introducing additional options soon – all being well, within the next few weeks.”