Ipswich ups maximum loan size

Mortgage Introducer

February 26, 2018

Ipswich Building Society has increased its maximum loan size at 90% and 95% loan-to-value from £350,000 to £500,000.

The society also offers a specialist ‘large loan’ product for applicants seeking loans ranging from £500,000 to £750,000.

Richard Norrington, chief executive of Ipswich Building Society, said: “Through our commitment to seeing diversity in mortgage lending, we have made changes to our residential mortgage offer to further support home buyers, specifically those purchasing for the first time.

“We are pleased that we can help borrowers moving away from a Help to Buy mortgage and through our expert manual underwriting we’ll continue to specialise in real mortgages for real people, who have unusual or complex occupations and find themselves categorised as ‘mortgage misfits’, otherwise ignored by other high-street lenders.”

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