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Give us a call on 0330 123 1073

Monday - Thursday 9.00am - 6.00pm
Friday 9.00am - 5.00pm
Saturday 9.00am - 1.00pm

0330 123 1073

Mon - Thu 9am - 6pm
Fri 9am - 5pm
Sat 9am - 1pm

Available for new builds, conversions and those undertaking a knock down and rebuild project – for both purchase and remortgage applicants – the new product is at the Society’s Standard Variable Rate, currently 5.49%, with a discount of 1.39% giving a current pay rate of 4.10% for two years from completion (5.4% APRC*). A completion fee of £1000 applies and loans are available up to 80% LTV, with a maximum loan of £500,000. An application fee of £199, CHAPs fee of £35 and a tiered valuation fee - based on final build value - apply.

The product features a generous 50% fee free overpayment facility, whereby borrowers can overpay penalty free by up to 50% of the original loan amount. An Early Repayment Charge (ERC) of 3% applies for first twelve months#, reducing to zero for the remaining twelve months – marking a change from a previous ERC of 3% for the full 2 year period. On completion of the self-build project, subject to meeting qualifying criteria, borrowers can switch penalty-free to one of the Society’s non self-build loyalty products.

Commenting on the new product, Ipswich Building Society Chief Executive Richard Norrington, said:
“We’re keen to continue supporting self-build borrowers, a typically under-served element of the mortgage market, by lowering costs and providing attractive rates with penalty-free switching and early repayment options.

“Our manual approach to mortgage underwriting allows us to remain flexible in offering innovative products to some of the UK’s so-called mortgage misfits, those who are often overlooked by other lenders because they do not meet ‘standard’ criteria for lending.”


View All Blogs
    16 October 2018 Raising capital

    If your client wishes to remortgage in order to raise capital we’re happy to help.

How are we doing?

Offer Turnaround

We are turning a fully packaged application into an offer in:

15 days

Document Processing

We are currently processing documents received from:

15 October 2018

AIP Referral

We are working on AIPs referred from:

15 October 2018


We are underwriting fully packaged cases submitted on or before:

12 October 2018