Suffolk Building Society has reduced its rates on two-year fixed residential and expat residential mortgage products.

The cuts of up to 24 basis points include seven products in total, all of which are available to applicants borrowing in and into retirement, with no maximum age at application or at the end of the mortgage term.

The society’s 80% loan-to-value (LTV) residential two-year fixed capital and interest has been lowered by 24bps to 4.85% until 31 August 2027 while the 90% LTV residential two-year fixed has been reduced by 20bps to 5.15% until 31 August 2027.

In addition, the 80% LTV expat residential two-year fixed interest only has been cut by 20bps to 5.59% until 31 August 2027, while the 90% LTV expat residential two-year fixed has gone down by 20bps to 5.70% until 31 August 2027.

The 80% LTV expat residential two-year fixed capital and interest has also been reduced by 20bps to 5.39% until 31 August 2027.

Suffolk Building Society head of intermediaries Charlotte Grimshaw says: “It’s great to take advantage of the base rate cut and lower swap rates to reprice down and pass on the benefits to borrowers.”

“It’s especially pleasing to offer these lower rates to brokers with later life clients, those with complex income, or minor credit blips, as this is a large part of our UK residential lending portfolio.”

Last month, Suffolk Building Society added a range of 90% LTV products to its expat residential mortgage portfolio.

The products included two- and five-year fixed products and a two-year discount.