The Society has launched a new two year fixed rate 95% loan-to-value product aimed at first time purchasers with a minimum of 5% deposit.
The new product's overall cost for comparison is 5.6% APR with an initial rate of 4.89% until 31 March 2016. Other new two year fixed rate products are once again available alongside a two year variable shared ownership product, and a two year variable self-build product. The new fixed product will be available direct and via selected mortgage brokers.
Ipswich Building Society, Chief Executive, Paul Winter comments:
"Ipswich Building Society led the way alongside other building societies and mutuals with its original 95% LTV mortgage in tough economic circumstances. We listened to our members and intermediaries then and we're listening to them now with this new product offering."
