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Suffolk BS relaunch 80% LTV mortgages, increase max loan size

Suffolk Building Society has raised its maximum LTV back to 80% and increased maximum loan size to £1m.

This follows a period where the society’s product range had 50% LTV and maximum loan sizes of £500,000.

All mortgage products, including those available at 80% LTV, can be found through its mortgage product finder tool.

Suffolk Building Society key account manager Andrew Sadler says: “We’re thrilled to be back in the 80% LTV market, with an increased maximum loan size.

“Underwriting and progressing cases within our target timeframe is key and we’re now looking forward to helping brokers to place more cases for their customers following this relaunch.”

The society will still accept Dips (Decision in Principle) on the current range until 5pm on Monday 4 September.

Intermediaries then have until 5pm on Monday 11 September to submit these applications.

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