Suffolk Launches New Shared Ownership Mortgage for First-Time Buyers

Suffolk Building Society has introduced a new shared ownership five-year fixed mortgage product at 95% loan-to-value (LTV), designed to support first-time buyers entering the housing market.

This new product offers a rate of 5.25%, providing long-term stability and affordability for those stepping onto the property ladder. Charlotte Grimshaw, head of intermediary relations and mortgage sales at Suffolk Building Society, highlighted the importance of such options in the current market. “Having a fiveyear fixed shared ownership option provides further peace of mind on mortgage payments and helps with affordability,” she said.

In addition to the shared ownership mortgage, Suffolk BS has also adjusted rates on other products to support various borrowers, including UK nationals living overseas and those investing in holiday lets.