Ipswich revamps product range
The 3.79% rate is for a 2-year discount, while the society is also offering a 95% LTV 2-year fix at 4.39%. Both products come with a £500 completion fee and £199 application fee for purchase only.
Across the lender’s shared ownership range to 95% LTV its 2-year discount is 4.49% while its 2-year fix is 4.99%, both with a £199 application fee and for house purchase
With its large loan range (up to £750,000) to 90% LTV Ipswich’s 2-year discount stands at 3.59% and its 2-year fix is 3.95% for purchase and remortgage with an £800 completion fee and £199 application fee.
Paul Winter, chief executive of Ipswich Building Society, said: “We’re continuing to offer choice to homebuyers of all shapes and sizes, including mortgage misfits who are often overlooked by other banks and building societies.
“Both the low deposit and affordable home loan (shared ownership) products have been created with aspiring younger home-owners with low deposit savings but acceptable levels of affordability in mind.
“Furthermore, we have introduced two large loan products in response to requests from intermediaries to meet the needs of borrowers seeking larger mortgage products.”