Related topic: discounted mortgage

The Society has launched new two and three-year discount options for limited company and expat borrowers.

The Society is encouraging brokers to consider three-year options when sourcing solutions for their clients.

The Society has also made a series of rate reductions across its core purchase range.

The new product is designed to provide brokers and their clients with greater flexibility when seeking short-term lending solutions.

Previously, the Bank required customers who were buying a property in this way to contribute a minimum 5% deposit from their own personal funds.

The Society has also reduced rates across its mortgage ranges by up to 0.36%.

The pair of products are designed to support brokers placing remortgage business at lower LTV levels.

The refreshed range spans first-time buyer, Credit Revive, Credit Restore, later life lending and buy-to-let.

The rate has reduced to 4.81% following a cut to the Society’s SVR.

The lender has also increased maximum loans sizes on second charge and consumer buy-to-let.