"There have been multiple reports of potential buyers delaying decisions until after the Budget, and with existing homeowners expressing trepidation over tax increases, these reductions will hopefully be welcome news."
- Charlotte Grimshaw - Suffolk Building Society
Suffolk Building Society has reduced rates by up to 20bps across 10 fixed-rate products, including its popular expat range, effective 11 November 2025.
The reductions apply to selected residential, expat residential, buy-to-let, expat buy-to-let, and holiday let products, including both capital and interest (C&I) and interest-only options. The move follows a recent decline in swap rates.
Residential rate reductions
Expat residential 80% LTV
5-year fixed C&I cut by 20bps to 5.25% (previously 5.45%)
5-year fixed IO reduced by 20bps to 5.45% (previously 5.65%)
Expat residential 90% LTV
5-year fixed C&I cut by 20bps to 5.55% (previously 5.75%)
Standard residential 80% LTV
5-year fixed IO reduced by 11bps to 5.29% (previously 5.4%)
Buy-to-let rate reductions
Expat buy-to-let 80% LTV
5-year fixed C&I reduced by 20bps to 5.45% (previously 5.65%)
Buy-to-let 80% LTV
2-year fixed C&I cut by 11bps to 5.19% (previously 5.3%) until 31 March 2028
5-year fixed C&I reduced by 10bps to 5.25% (previously 5.35%)
Buy-to-let light refurb 80% LTV
2-year fixed C&I cut by 11bps to 5.29% (previously 5.4%) until 31 March 2028
5-year fixed C&I reduced by 10bps to 5.35% (previously 5.45%)
Holiday let 80% LTV
5-year fixed C&I reduced by 6bps to 5.29% (previously 5.35%)
In addition, six two-year fixed-rate expat and holiday let products will have extended end dates, allowing customers to benefit from a full two-year fixed period.
Charlotte Grimshaw, head of intermediaries at Suffolk Building Society, said: “We’re keen to pass on the benefits of the recently lowered swap rates to brokers and customers. There have been multiple reports of potential buyers delaying decisions until after the Budget, and with existing homeowners expressing trepidation over tax increases, these reductions will hopefully be welcome news."
“It improves our overall proposition for those seeking expat and holiday let products for their clients. These have always been important niches for us as a Society, and we remain committed to providing solutions that work for those who need them."
“Our criteria and manual underwriting approach make it possible to find a mortgage to suit even the most unusual of circumstances, and with these latest reductions, we continue to be a good solution for those who don’t fit with the high street.”
