Ipswich Building Society

Fixed Rate: your initial rate will be fixed for an agreed period. Ipswich have 2, 5 and long term fixed rate mortgages. After your fixed period has finished your mortgage will revert to a variable rate either set above the Bank of England base rate or the society’s standard variable rate.

There is an early repayment charge during the fixed period. However there is no charge for overpayments of up to 50% of the original loan. Ipswich also offer fixed rate deals for Shared Ownership and Buy to Let mortgages.

Variable Discount: your initial rate will be set at a discount off a variable rate for an agreed period. Ipswich have 2, 4 and 10 year discount rate mortgages. After the discount period your mortgage will revert to the Society’s standard variable rate.

There is an early repayment charge during the discount period except for the 10 year product.

However there is no charge for overpayments of up to 50% of the original loan. Ipswich also offer discount rate deals for Shared Ownership.

Standard Variable Rate: your mortgage will be set at the Society’s standard variable rate for the whole of the mortgage term.

There is no early repayment charge.

Base Rate Tracker: your mortgage is set according to the Bank of England Base Rate for an agreed period. After the tracker period has finished your rate will be set 1% above the Bank of England Base Rate.

There is an early repayment charge during the tracker period. However there is no charge for overpayments of up to 50% of the original loan.

Buy to Let Mortgages: your rate is set at the Society’s standard variable rate for the whole of your mortgage term.

There is no early repayment charge.

Buy to Let: long term fixed for 10 years. After this your mortgage will revert to the Society’s standard variable rate.

An early repayment charge is payable.

If you are interested in a mortgage quotation including those offered by Ipswich Building Society please complete our quick enquiry form.