Ipswich reintroduces buy-to-let range

11 September 2020 | General

Ipswich Building Society has relaunched its buy-to-let range, as it now offers a 2-year discount rate at 2.99% to 80% LTV with £1,149 in fees.

For expats there is also buy-to-let 2-year discount at 2.99% and a 5-year fix at 3.80% to 80% LTV.

Both products come with an application fee of £199 and a completion fee of £999

The society has also launched residential deals to 85% LTV, as well as holiday let mortgages to 80% LTV.

Richard Norrington, chief executive at Ipswich Building Society said: “We’ve been keeping a keen eye on the market and taken careful consideration over the appropriate time to re-enter.

“It is important we introduce and maintain a suitable range of products which enable us to uphold our service standards.

“We’re particularly pleased to be offering 85 per cent loan-to-value residential mortgage products as part of a stepped re-entry into the higher LTV market, with a view to returning to 90% lending in the future.

“We especially hope to be able to help first time buyers, many of whom have had their plans put on ice during the pandemic instead of realising their property-ownership dreams.”

This post has originally been featured in Property Wire.