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Mortgage product

Residential 2 Year Discount Rate (Capital & Interest) – for purchase or remortgage up to 80% LTV

Mortgage details

Initial rate

2.00% (SVR minus 3.54%)

Rate Type


Rate Term

2 year



Standard rate

STANDARD VARIABLE RATE of 5.54% with a discount of 3.54% until 2 years from completion then reverting to 3.80% (Suffolk SVR minus 1.74%) for 36 months, then changing to Suffolk Standard Variable Rate (currently 5.54%) for the remainder of the term


Application Fee:

Completion Fee:

Valuation Fee:
Purchase – Based on property valuation
Remortgage – FREE

CHAPS (Fee for transfer of funds to solicitor):

You can see how our fees are calculated by clicking here

Maximum loan


Maximum LTV


Additional information

Fee free over-payments up to 50% of original loan. Early repayment charge of 1% applies until 1 year from completion [Remortgage only: fee assisted legals]


Representative Example

A mortgage of £278,375.00 payable over 30 years on our Standard Variable Rate currently at 5.54% with a discount of 3.54%, giving a current rate payable of 2.00% for 24 months, then on our Standard Variable Rate currently at 5.54% with a discount of 1.74%, giving a rate payable of 3.80% for 36 months (please note that the rate payable will never fall below 3%). This will be followed by our Standard Variable Rate currently at 5.54% for the remainder of the mortgage term. This would require 24 monthly payments of £1,030.91, followed by 36 payments of £1,282.80, followed by 300 payments of £1,529.95. The total amount payable would be £530,441.64 made up of the loan amount plus interest (£250,997.64), an application fee of £199, a completion fee of £500, a valuation fee of £240, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 4.7% APRC representative.

Get started

Enquire now.

Our decisions are made by experts, not computers. We need to calculate the financials, but we understand there’s more behind a mortgage than the numbers on a page. We can’t promise to lend to everyone and anyone, but we’ll consider most applications on an individual basis.

Ready to start? We’d love to hear from you. Get in touch with our friendly and knowledgeable team.

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Call 0330 123 0723

Mortgage enquiry

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