Partly Cloudy

Partly Cloudy

max temp: 24°C

min temp: 15°C

Search
Norfolk Business Awards 2018

Ipswich Building Society aiming to help more first-time buyers

PUBLISHED: 13:10 26 February 2018 | UPDATED: 17:07 01 March 2018

Richard Norrington, Ipswich Building Society chief executive.

Richard Norrington, Ipswich Building Society chief executive.

Archant

Ipswich Building Society is targeting first-time buyers with a series of additions to its mortgage range, including assistance for Help to Buy purchasers in graduating to standard products.

The society has increased the maximum loan size for its standard 90% and 95% loan-to-value (LTV) products, from £350,000 to £500,000, with a specialist “large loan” product covering applicants seeking loans ranging from £500,000 to £750,000.

All of its standard remortgage products will be available to Help to Buy applicants, at a ratio of up to 95% loan-to-value (LTV).

And the minimum loan amount on the society’s shared ownership products has been reduced from £100,000 to £50,000, with loans available for up to 95% of the share, subject to a maximum of £350,000.

Chief executive Richard Norrington said: “Through our commitment to seeing diversity in mortgage lending, we have made changes to our residential mortgage offer to further support home buyers, specifically those purchasing for the first time.

“We are pleased that we can help borrowers moving away from a Help to Buy mortgage and through our expert manual underwriting we’ll continue to specialise in real mortgages for real people, who have unusual or complex occupations and find themselves categorised as ‘mortgage misfits’, otherwise ignored by other high-street lenders.”

Search hundreds of local jobs at Jobs24

A new supermarket chain is set to join Ransomes Europark in Ipswich, as a unit empty for seven years is finally getting a new lease of life.

The family of Ipswich Town legend Kevin Beattie have today thanked friends and fans for their outpouring of ‘amazing love and support’ since his sudden death.

Suffolk is being warned to expect high winds and a significant dip in temperatures as we near the weekend, marking the start of the real autumnal weather.

Tributes have been paid to Ipswich sports shop owner Malcolm Marriott, who has died after a lifetime of running shops in the heart of the town centre.

A bus passenger “poked and prodded” and was racially abusive to a Suffolk bus driver who asked him to stop drinking wine out of a bottle, it has been alleged.

David Kindred takes a look at a previous Ipswich school, Martin Newbys in Fore Street, and Fisons works at Cliff Quay. Does this article bring back memories for you?

A long-running feud between a Suffolk council and residents’ group has reignited over claims of a “secretive” meeting and concerns over a £500,000 cemetery extension.

They claim the new attraction will blight their homes – and say they were not told about the plans when they bought the properties.

If a driver had been caught on a mobile phone while driving, it would be bad enough.

A man in his 20s has died and another person is in a life-threatening condition after a three vehicle crash on the A120 between Marks Tey and Coggeshall.

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Ipswich Star daily newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

MyDate24 MyPhotos24