Available direct and through selected brokers, the launch follows an IT upgrade carried out successfully by the Society in 2014 when it held back on the mortgage market as resources were diverted away.
A 2-year fixed product at 3.09%, up to 90% LTV (5.2% APR), and a 4-year fixed rate at 3.69%, up to 90% LTV (5.0% APR), are available for purchase and remortgage.
A 2-year fixed product at 4.59%, up to 95% LTV (5.5% APR), and a 2-year discount rate, currently 2.49%, up to 90% LTV (5.1% APR), add to the range and the appeal of the lender, particularly for first-time buyers.
A new shared ownership product, fixed at 4.99% (5.6% APR) for two years at up to 95% LTV purchase of the share, and a 2-year self-build discounted product (currently 4.99%) for purchases up to 75% LTV (5.7% APR), complement the range.
Paul Winter, CEO of Ipswich Building Society, said: “We’re back in the market with a confident and competitive set of products designed to offer choice to home-buyers of all shapes and sizes, including mortgage misfits who don’t always comply with the norm.
“It is possible to still give people a choice when it comes to mortgages while retaining a diligent approach to lending. As a mutual we will always operate in the best interest of our members, providing products with broad appeal and increasing access to home ownership. Everyone deserves the right to a roof over their head.
“This new product range follows a successful period of introducing a major IT upgrade which meant that we had to divert resources away from selling and into managing the project and maintaining our high levels of customer service.”