Looking for Ipswich Building Society? We’ve changed our name! Find out more. | We’ve won Best Building Society 2022 in the British Bank Awards! – Find out more.

Mortgage product
information.

Self Build 2 Year Discount Rate – for purchase or remortgage up to 80% LTV

Mortgage details

Initial rate

3.89% (SVR minus 1.65%)

Rate Type

Variable

Rate Term

2 year

APRC

5.2%

Standard rate

STANDARD VARIABLE RATE of 5.54% with a discount of 1.65% until 2 years from completion date, then reverting to 4.54% (Suffolk SVR minus 1%) for 36 months then changing to Suffolk Standard Variable Rate (currently 5.54%)

Fees

Application Fee:
£199

Completion Fee:
£999

Valuation Fee:
Based on property valuation

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

You can see how our fees are calculated by clicking here

Maximum loan

£1m

Maximum LTV

80%

Additional information

Fee free over-payments up to 50% of original loan. Early repayment charge of 2% applies until 2 years from completion

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

Representative example

A mortgage of £475,000.00 payable over 25 years on our Standard Variable Rate currently at 5.54% with a discount of 1.65%, giving a current rate payable of 3.89% for 24 months, then on our Standard Variable Rate currently at 5.54% with a discount of 1.00%, giving a rate payable of 4.54% 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 £2,483.86, followed by 36 payments of £2,645.42, followed by 240 payments of £2,875.74. The total amount payable would be £845,689.36 made up of the loan amount plus interest (£368,991.36), a mortgage funds release fee of £35, an application fee of £199, a completion fee of £999, a valuation fee of £370 and a mortgage exit fee of £95. The overall cost for comparison is 5.2% 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