Suffolk Building Society has just announced some fantastic changes to their mortgage deals, making it easier for first-time buyers to get on the property ladder and for everyone to save on their monthly bills.

Suffolk BS is back in the 95% loan-to-value (LTV) market. This means they are now offering mortgages to people who only have a 5% deposit! This is fantastic news for first-time buyers who are struggling to save up a big deposit.

They are offering three new 95% LTV mortgage options:

• Two-year fixed at 5.89%: Your monthly payments will be the same for two years, giving you some financial certainty.
• Five-year fixed at 5.49%: This is a longer-term fix, so you can lock in a great rate for five years.
• Two-year discount at 5.85%: Get a lower rate for the first two years, which can be a great way to save money.

Even Lower Rates for Bigger Deposits

If you have a larger deposit, Suffolk BS has also cut rates on their 90% and 80% LTV mortgages. They’ve even slashed interest-only mortgage rates by up to 29%!

Here are some of the best deals available:

• 80% LTV two-year discount interest only: Reduced by 29bps to 5.50%, giving you a great saving.
• 90% LTV two-year fixed: Reduced by 4bps to 5.55%, meaning lower monthly payments for you.

What Does This Mean for You?

These changes mean that more people can afford to buy a home and that existing homeowners can save money on their monthly payments. Suffolk Building Society is helping to make the mortgage market more accessible and affordable for everyone.

Charlotte Grimshaw, Head of Intermediary Relations and Mortgage Sales at Suffolk Building Society, said: “We are still seeing a lot of movement in the mortgage market, but we want to make sure that people can still achieve their dreams of home ownership. That’s why we’ve reduced rates and brought back 95% LTV mortgages. We want to keep the cost of borrowing down and make it easier for people to get on the property ladder.”