Suffolk Building Society has added a range of 90% loan-to-value (LTV) products to its expat residential mortgage portfolio.
The products include two- and five-year fixed products and a two-year discount.
Examples of the new products include a 90% LTV expat residential two-year discount capital and interest at 5.79% (SVR minus 2.35%) for 24 months, with a maximum loan size of £650k.
There is also a 90% LTV expat residential two-year fixed capital and interest at 5.95% until 31 July 2027, with a maximum loan size of £650k and a 90% LTV expat residential five-year fixed capital and interest at 5.79% for 60 months, with a maximum loan size of £650k.
In addition, the society has cut 80% LTV two-year fixed rate products by 10 basis points.
The 80% LTV expat residential two year fixed capital and interest has been reduced by 10bps to 5.59% until 31 July 2027, with a maximum loan size of £2m.
It has also cut the 80% LTV expat residential two-year fixed interest only by 10bps to 5.79% until 31 July 2027, with a maximum loan size of £1m.
Suffolk Building Society head of intermediaries Charlotte Grimshaw comments: “By offering a higher LTV option we’re allowing expats to buy a property sooner (less deposit) and facilitating those wanting to put down a smaller deposit and retain funds for home improvements or other investments. Having a home in the UK is a requirement for many expats.”
Elsewhere, London Credit has reduced rates across its commercial and semi-commercial bridging products as part of a limited time offer.
The lender’s rates now start from 0.75% per month, down from 0.85%, on loans up to 60% LTV.
The offer applies to all new commercial and semi-commercial applications where legal undertakings are in place by 31 May 2025, with completion by 15 July 2025.
London Credit credit manager Marios Theophanous comments: “In the current market, brokers are having to work even harder to secure the right solutions for their clients, especially when it comes to commercial and semi-commercial property finance.”
“That’s why we’ve introduced this limited-time rate reduction, giving brokers access to more competitive pricing on deals that need to move quickly.”
