• Admin

Ipswich returns to high-LTV resi and BTL lending

Updated: Sep 15, 2020

Ipswich Building Society has brought a selection of higher-LTV products for residential and buy-to-let borrowers back to market.

Within its residential offerings, the lender has issued an 85 per cent LTV two-year fix at 2.99 per cent with a £199 application fee and £800 completion fee. Ipswich is also offering an 85 per cent LTV two-year 2.64 per cent discount, giving an initial rate of 2.60 per cent.

In its BTL range, the building society has launched an 80 per cent LTV two-year 2.25 per cent discount that gives an initial rate of 2.99 per cent. It commands a £199 application fee and a £950 completion fee.

As well as this, BTL borrowers can choose from an 80 per cent LTV two-year 1.99 per cent discount, resulting in an initial rate of 3.25 per cent and a five-year fix at 3.80 per cent.

These latter two options ask for a £199 application fee and £999 completion fee.

Finally, three new holiday let mortgages have been launched.

All require a £199 application fee and £950 completion fee and comprise a two-year fix at 3.25 per cent, a five-year fix at 3.75 per cent, and a two-year discount of 2.25 per cent giving an initial rate of 2.99 per cent.

Ipswich adds that it is now lending on properties worth over £1m again, too.

Ipswich chief executive Richard Norrington says: “We’ve been keeping a keen eye on the market and taken careful consideration over the appropriate time to re-enter. It is important we introduce and maintain a suitable range of products which enable us to uphold our service standards.

“We’re particularly pleased to be offering 85 per cent loan-to-value residential mortgage products as part of a stepped re-entry into the higher LTV market, with a view to returning to 90 per cent lending in the future.”

3 views0 comments

Website proudly created with

  • Facebook
  • LinkedIn

Copyright © 2020 Secured Futures Ltd

Registered Office

Secured Futures Ltd

325 Highfield Road

Hall Green, Birmingham


B28 0BX

The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it.

Secured Futures Ltd is an appointed representative of Openwork Ltd and is regulated by the Financial Conduct Authority (934318)

Openwork Ltd is authorized and regulated by The Financial Conduct Authority (FCA).

Secured Futures Ltd is registered in England and Wales. Company Registration Number 12129355