Support for first-time home buyers, shared ownership and ex-Help to Buy remortgaging. Ipswich Building Society has updated its residential mortgage range with a number of changes to its shared ownership products and the introduction of a new ex-Help to Buy remortgage offering. The refresh is aimed at opening up more choice in the mortgage marketplace, particularly for first-time buyers.
With the average price for a detached house in England now at £369,380*, Ipswich Building Society has increased the maximum loan size for its standard 90% and 95% Loan To Value (LTV) products from £350,000 to £500,000. The Society will continue to offer its specialist ‘large loan’ product for applicants seeking loans ranging from £500,000 to £750,000.