Ipswich expands fixed range

Mortgage Introducer

May 25, 2017

Ipswich Building Society has expanded its fixed range with products including a 90% loan-to-value 5-year fix at 2.79% with £999 in fees.

The society has also introduced a buy-to-let 5-year fix for purchase and remortgage at 3.25% to 75% LTV with a completion fee of £1,300 and application fee of £199.

And Ipswich is offering shared ownership 5-year fixes for purchase at 4.69% to 95% LTV of the share, with an application fee of £199 and no completion fees

LendInvest enters the buy-to-let market

Richard Norrington, chief executive of Ipswich Building Society, said: “We understand that the needs of borrowers are ever changing, therefore we are constantly innovating and reviewing our mortgage offer to ensure we are offering an all-inclusive product range.

“We are committed to seeing diversity in mortgage lending and our new loans will further support those mortgage misfits who may find it difficult to access the mainstream mortgage market.

“In addition to this, our 50% fee free payment facility offers added flexibility to borrowers especially in a longer term product.”

For remortgage applicants the society offers fee assisted legals and a free valuation up to maximum property value of £1m.

These fixed rate products are available to direct applicants in England and Wales and intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire and Hertfordshire as well as some networks and clubs.

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