Ipswich Building Society revises range of two-year fixed-rate mortgage deals

Richard Norrington, chief executive of Ipswich Building Society

Richard Norrington, chief executive of Ipswich Building Society - Credit: Archant

Ipswich Building Society has continued to expand its mortgage offer with a “refresh” of its range of two-year fixed-rate deals.

Ipswich Building Society's headquarters at The Havens in Ipswich

Ipswich Building Society's headquarters at The Havens in Ipswich - Credit: Contributed

The society returned to active promotion in the mainstream residential mortgage market last year following a pause during 2015 as a result of new lending regulations and a major IT upgrade.

It also re-entered the buy-to-let market in March this year with two-year fixed-rate and discount deals and last month added three five-year fixed rate products, for the residential, buy-to-let and shared ownership markets.

Now it has tweaked its two-year fixed offers, including 95% and 90% loan-to-value (LTV) deals for residential buyers and a 75% LTV buy-to-let deal, alongside a two-year discount buy-to-let offer, also with a maximum 75% LTV.

Richard Norrington, chief executive at the Ipswich Building Society, said: “Having recently rolled out options for those wishing to fixed their mortgage for five years, with this refresh of our two-year range we are continuing to respond to the mortgage market, offering competitive products for both residential and buy-to-let lenders.

“Direct applicants, and those using intermediaries, will receive our personalised service as standard as our manual underwriting gives a real life assessment of affordability, as opposed to a computer algorithm that may too readily rule out creditworthy individuals.”

The new fixed-rate products are available to direct applicants in England and Wales, intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire and Hertfordshire and nationally via selected networks and clubs.