Suffolk Building Society has returned to the 95% market with residential fixed and discount products.

These three products offer new options for borrowers, including first time buyers. They include five-year fixed, two-year fixed and two-year discount.

The Society has also made reductions on its resi products at 90% and 80%, with up to 29bps off interest only deals.

The following will be available from Tuesday 11 June 2024:

Residential (C&I)

• 95% LTV two-year fixed at 5.89% until 30 September 2026.
• 95% LTV five- year fixed at 5.49% for 60 months.
• 95% LTV two- year discount at 5.85% for 24 months.
• 90% LTV two- year fixed has been reduced by 4bps to 5.55% (previously 5.59%) until 30 September 2026.
• 80% LTV two- year discount reduced by 14bps to 5.25% (previously 5.39%) for 24 months.
• 80% LTV two- year fixed cut by 10bps to 5.29% (from 5.39%) until 30 September 2026.
• 80% LTV two year fixed large loan reduced by 10bps to 5.29% (from 5.39%) until 30 September 2026.

Residential (interest only)

• 80% LTV two- year discount interest only cut by 29bps to 5.50% (from 5.79%) for 24 months.
• 80% LTV two- year fixed interest only cut by 25bps to 5.44% (previously 5.69%) until 30 September 2026.
• 80% LTV five- year fixed interest only reduced by 10bps to 5.29% (from 5.39%) for 60 months.

Suffolk Building Society head of intermediary relations and mortgage sales,  Charlotte Grimshaw commented: “We’re still in a highly dynamic mortgage market. By dropping rates on residential options, and bringing back 95% LTV products for lower-deposit borrowers, we’re helping to put home ownership within the grasp of first time buyers and keep the cost of monthly mortgage payments down.”