Ipswich Building Society Mortgages

The Ipswich Building Society is a UK building society based in Ipswich. Formed in 1975 by the merger of Ipswich & District Building Society and Ipswich & Suffolk Building Society, it is a member of the Building Societies Association.

The society offers a range of savings and borrowing facilities.

The Ipswich Building Society offers a range of mortgage products. Each may be suitable to you, depending on your financial circumstance and life stage.

They offer mortgages for:

Their mortgage products include:

You can find the interest rates offered on their mortgages above in our Ipswich Building Society mortgage comparison table. You can also visit their official website to discover more about Ipswich Building Society’s mortgage lending criteria.

Our comparison table allows you to compare mortgages by interest rate, so you can identify a mortgage with a suitable rate for your financial circumstances.

When looking to choose a mortgage with the best rate, it’s worth knowing that the interest rate on your mortgage will change over time.

When it changes hinges on the type of mortgage you choose. The interest rate on a fixed rate mortgage will remain the same during the initial term. It will then switch onto to your lender’s standard variable rate (SVR), unless you choose to remortgage.

With variable rate and tracker mortgages, interest rates can change at any time. Variable rate mortgage interest rates change when a lender modifies their SVR, while tracker mortgage rates typically change when the Bank of England’s base rate rises or falls.

You can find reviews for the Ipswich Building Society in a number of different places. Such as the financial services review platform Smart Money People or review site Trustpilot.

When comparing the market for a huge financial commitment such as a mortgage, it can be sensible to understand how an organisation’s customers rate their service. This can help you gauge whether you’ve found the right financial product for you.

There are some very basic entry requirements that each mortgage provider shares before they will be willing to consider lending to you.

Typically, mortgage lenders will want you to earn at least £25,000, either as a sole applicant or as part of a joint mortgage. Earning less than this figure could mean you will struggle to make the monthly repayments stipulated by your mortgage agreement. This is just one of the steps they will take, to mitigate their risk in lending to you.

Another method of lowering a lender’s risk is assessing your finances through a credit rating check, allowing them to take a deep dive into your debts and monthly spending habits.

Each provider has different lending requirements, so don’t be disheartened if you’ve been turned down for a mortgage by one provider. Just because you’ve been turned down once, or even multiple times, doesn’t mean you can’t secure a mortgage with another provider.