We have temporarily restricted our lending criteria, for the latest updates and essential information during the COVID-19 pandemic read our FAQs.
Important information: your case and the stamp duty holiday
Ahead of the extended stamp duty holiday deadline on 30 June please be aware we cannot guarantee your client that their mortgage will complete in time to be eligible. This particularly applies for purchase applications and any remortgages where additional borrowing for any onward purchase is required. You must ensure your client is aware of this.
For information about the stamp duty holiday and rates which will apply from 1 July please click here to visit gov.uk.
Do you have clients looking to purchase a property to let out to holidaymakers? We've expanded our buy to let product offering to include a range of holiday let products.
First time landlords accepted but must be an owner occupier.
All products are available exclusively for properties in England and Wales purchased with the intention of letting for holiday purposes.
Please see below or visit our lending criteria for more information.
Holiday Let 3.90% 2 Year Discount Rate 80% LTV
- STANDARD VARIABLE RATE of 5.24% with a discount of 1.34% for 2 years then changing to Ipswich Standard Variable Rate (currently 5.24%)
- 5.2% APRC
- For purchase and remortgage up to 80% LTV
- Minimum property value £100k, minimum loan £75k
24084, 24085
| Completion Fee | Application Fee (Payable with application and non-refundable) | Valuation Fee (Payable with application) | Higher Lending Charge | CHAPS (Fee for transfer of funds to solicitor) | Maximum Loan Amount |
|---|---|---|---|---|---|
| £950 | £199 | Purchase: based on property valuation. Remortgage: FREE | - | £35 | £500k |
No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 2 years from completion
Overpayment of 50% or above - early repayment charge is 1% of the overpayment
Redemption - early repayment charge is 1% of the original loan amount
For remortgage only: fee assisted legals
To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.
In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.
To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.
Holiday Let 4.10% 2 Year Fixed Rate 80% LTV
- FIXED RATE of 4.10% until 30/06/2023 then changing to Ipswich Standard Variable Rate (currently 5.24%)
- 5.2% APRC
- For purchase and remortgage up to 80% LTV
29262, 29263
| Completion Fee | Application Fee (Payable with application and non-refundable) | Valuation Fee (Payable with application) | Higher Lending Charge | CHAPS (Fee for transfer of funds to solicitor) | Maximum Loan Amount |
|---|---|---|---|---|---|
| £950 | £199 | Purchase: Based on property valuation Remortgage: FREE | £35 | £500k |
No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 30/06/2023
Overpayment of 50% or above - early repayment charge is 3% of the overpayment
Redemption - early repayment charge is 3% of the original loan amount
Remortgage only: fee assisted legals
To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.
In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.
To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.
