Ipswich fixes large loan completion fees

Ryan Bembridge

June 15, 2016

cash money pound notes £10 £5 £20

Ipswich Building Society has changed its large loan completion fees from 0.5% to a fixed £800.

On loans worth up to £750,000 borrowers can take out a 2-year fix at 3.49% and a 2-year discount at 3.59% to 90% LTV.

Products come with a £199 application fee and a 50% overpayment facility.

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Paul Winter, chief executive of Ipswich Building Society, said: “The reduction of the completion fees on our large loan products complements our recently refreshed mortgage range.

“This included rate reductions and refreshed end dates for nine of our existing products.

“In line with our inclusive approach to lending, the product will be available to borrowers directly or through our trusted intermediary network with affordability assessed via our manual underwriting process as we continue to offer choice to home-buyers of all shapes and sizes.”