"These rate reductions offer a much-needed boost to affordability without requiring a long-term five-year fix"
- Charlotte Grimshaw - Suffolk Building Society
Suffolk Building Society is reducing rates across its buy-to-let and holiday-let mortgage ranges, cutting up to 11bps on selected two-year fixed products at 80% LTV, effective from Tuesday, 6 May 2025.
Among the changes, the Expat Buy-to-Let two-year fixed capital and interest mortgage sees the biggest reduction, down 11bps to 5.59%. The standard Buy-to-Let and Holiday Let two-year fixed products have both been cut by 10bps to 5.45%, while the Buy-to-Let Light Refurb option now stands at 5.55%, also down 10bps.
The Expat Holiday Let rate remains unchanged at 5.89%, but the term has been extended to 31 August 2027 across all updated products.
“Landlords continue to feel the strain from rising interest rates and tax changes, and passing ICR stress tests remains a hurdle," explained the society's head of intermediary relations and mortgage sales, Charlotte Grimshaw (pictured). "These rate reductions offer a much-needed boost to affordability without requiring a long-term five-year fix.”
She also highlighted Suffolk’s commitment to the expat market, which is the Society’s second-largest lending segment.
“Our flexible criteria and manual underwriting continue to make us a go-to lender for expat cases. We’re focused on supporting brokers in what remains a complex and evolving landscape.”
