Suffolk Building Society has launched a new shared ownership 95% LTV five-year mortgage product as well as cutting selected deals on other shared ownership, holiday let and expat offers by up to 29 basis points. 

The mutual’s changes cover: 

• 95% LTV shared ownership five-year fix at 5.25% for 60 months 
• 95% LTV residential five-year fix (C&I) reduced by 10bps to 5.39% for 60 months 
• 95% LTV shared ownership two-year fix reduced by 15bps to 5.60% until 31 October 2026 
• 80% LTV holiday let five-year fixed reduced by 10bps to 5.69% for 60 months 
• 80% LTV expat buy-to-let five-year fixed cut by 29bps to 5.80% for 60 months 

Suffolk Building Society head of intermediary relations and mortgage sales Charlotte Grimshaw says: “In the current market, affordability can be a real barrier to many first-time buyers.

“Having a five-year fixed shared ownership option available helps to provide not just further peace of mind on their mortgage payments, but also helps with affordability.  

“By also significantly reducing our expat buy to let five-year product, we’re further supporting British expats living and working abroad in this niche area, whether they’re looking to invest in a property back home for rental income, or already have a property they let out. 

“Whatever a customer’s borrowing requirements may be, our team of manual underwriters assesses each case individually.”