Suffolk Building Society has cut residential rates on its capital and interest 80% loan-to-value and 90% LTV mortgages to below 6%.   

The mutual says its changes include: 

Residential capital and interest 80% LTV 

• 80% two-year discount, now 5.39% 
• 80% two-year fixed-rate, now 5.69% 
• 80% three-year fixed-rate, now 5.69% 

Residential capital and interest 90% LTV 

• 90% two-year fixed-rate, now 5.99% 
• 90% three-year fixed-rate, now 5.99% 

John Charcol mortgage technical manager Nicholas Mendes says: “Good to see some healthy reductions from Suffolk Building Society in their latest repricing. 

“Previous residential capital and interest pricing consisted of 80% LTV two-year fixed at 6.15%, 80% LTV three-year fixed at 5.95%, and 90% LTV three-year fixed at 6.29%. 

Mendes adds: “These latest rates break the 6% benchmark.”