Looking for Ipswich Building Society? You’re in the right place – we’ve changed our name! Welcome to Suffolk Building Society. Find out more.

Mortgage product
information.

Residential 5 Year Fixed Rate (Interest Only) – for purchase or remortgage up to 80% LTV

Mortgage details

Initial rate

3.25%

Rate Type

Fixed

Rate Term

5 year

APRC

4.7%

Standard rate

FIXED RATE of 3.25% until 5 years from completion date then changing to Suffolk Standard Variable Rate (currently 5.24%) for the remainder of the term

Fees

Application Fee:
£199

Completion Fee:
£999

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

CHAPS (Fee for transfer of funds to solicitor):
£35

Maximum loan

£750,000

Maximum LTV

80%

Additional information

Fee free over-payments up to 50% of original loan. Early repayment charge of 5% applies until 5 years from completion [Remortgage only: fee assisted legals]

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Representative example

An interest only mortgage of £228,600.00 payable over 20 years on an interest only basis initially on a fixed rate of 3.25% until 5 years from completion. This will be followed by our Standard Variable Rate currently at 5.24% for the remainder of the mortgage term. This would require 60 monthly payments of £621.93, followed by 180 monthly payments of £1002.73. The total amount payable would be £447,935.20 made up of the loan amount plus interest (£217,807.20), an application fee of £199, a completion fee of £999, a valuation fee of £200, a mortgage funds release fee of £35 and a mortgage discharge fee of £95. The overall cost for comparison is 4.7% APRC representative.

Get started

Enquire now.










    Your browser is out-of-date.

    Welcome to our new website. This site is not fully supported in Internet Explorer.
    Please download one of the browsers below to continue using this website.

    • Google Chrome
    • Microsoft Edge