Ipswich launches 2-year fix

The product is available for remortgages only and the overall cost for comparison is 5.2% APR with an initial 2-year fixed rate of 3.09% until 31 October 2016, reverting to the Society’s Standard Variable Rate, currently 5.49%.

The product is available direct for properties in local postcode areas IP, NR, CO, CM, CB and PE and via intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire and Herefordshire.

Michelle Stevens, Ipswich Building Society, head of mortgage sales, said: “We continue to offer a viable alternative to the larger banks as demonstrated by the launch of these competitive fixed rate mortgages for remortgage and purchase.

“We’re open for business for those looking for a potentially better deal on their mortgage, as well as remaining committed to supporting so called ‘mortgage misfits’ such as small business owners and the self-employed.