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Suffolk Building Society, formerly Ipswich Building Society: Mortgages reviews

Name: Mortgages
Rating: 4.64 (104 reviews)

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4.65

Based on 104 reviews, last reviewed 18th Jun 2025

No new 5 star reviews

in the past 90 days

100% decrease in 1 star reviews

in the past 90 days

86%

Latest highest rating:

5

SBS just make my life easier. SBS just make my life easier. Every communication I have them is explained so easily and straightforward. Always helpful in every way . I just sp... Read more Reviewed on: 18th June 2025

Latest lowest rating:

1

Incompetent, frustrating and time-wasters Utterly incompetent. Took 2 months to event get our re-mortgage application processed (costing time, and money) and then every single thing we put was... Read more Reviewed on: 13th March 2025

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Suffolk Building Society, formerly Ipswich Building Society Mortgages reviews (104)

Review of the Suffolk Building Society, formerly Ipswich Building Society, Mortgages:

Beware false promises from this lender!

We were pre-approved for a loan, which was a 35% loan to value purchase. With our large down payment and small loan we felt comfortable making an offer on a home we liked and expected a fairly simple closing process. Then we were told the parameters of our loan had changed despite already being pre-approved. We agreed to the change, though it put a bit of strain on us. Now, we believed we could proceed, but after foot dragging by the lender, once again they changed the terms, and once again we reluctantly found a way to make it work. And then, after all our capitulations, we found out that our loan was denied on a technicality we had never been made aware of. So we have a contract with no lending secured after weeks thinking that approval was already somewhat assured. We feel deceived and cheated out of precious time which might result in us losing our contract on our purchase and out the fees we incurred from this lender and our solicitors. Reviewed on: 12th August 2024

Reply from Suffolk Building Society, formerly Ipswich Building Society Hi Valerie, we are sorry that our services have not met your expectations. Please can you get in touch with us on [email protected] or 0330 123 0723 so we can discuss the matter further with you. Response date: 19th August 2024

Friendly helpful staff.

Friendly helpful staff. I needed an expat mortgage and Suffolk offered a great product. Reviewed on: 18th March 2024

Our experience with Suffolk building society

We've been customers for five years and have always been kept well informed about products and services. Staff are pleasant, helpful and respond promptly to queries. Reviewed on: 19th February 2024

Wanted to remortgage our home in retirement to help...

Wanted to remortgage our home in retirement to help our son get on property ladder. Suffolk BS team could not have been more helpful and efficient Reviewed on: 3rd February 2024

I was watching a Martin Lewis program about Mortgages.

I was watching a Martin Lewis program about Mortgages. A Mortgage Advisor was on the show and gave advice that would change our lives in retirement completely. The Advisor recommended several specialist Building Societies on the show so the very next day I rang one of them. The Suffolk Building Society. They advised I seek a Mortgage Advisor because they could not do direct applications. They were so kind, understanding and professional. We were very lucky after going through all the processes, with the help of our personal advisor, to secure a Late in Life Mortgage that saved us from having to sell our home at the age of sixty seven and sixty nine due to high interest rates. All of our wishes at such a late time in life were fulfilled. Martin Lewis, our Mortgage Advisor and The Suffolk Building Society, thank you so much. It gets better. we are now part of a bigger family, with regular updates and events being sent to us by The Suffolk. Amazing!! Reviewed on: 2nd February 2024

Reply from Suffolk Building Society, formerly Ipswich Building Society Thank you for sharing such a great story with us! The team is always so pleased to hear that they've helped to make a positive difference to members' lives. We would love to have a further chat with you about your experience, and possibly use it as a case study in some of our marketing materials. Please drop us a line on [email protected] if you're interested, for a no obligation chat. Thank you again! Response date: 23rd February 2024

Easy to deal with

Have been easy to deal with. Staff are knowledgeable and easy to contact. Annual statements are easy to understand. Went them as product was extremely competitive. Reviewed on: 2nd February 2024

Professional service and ease of mortgage application

I found the whole experience in applying for a mortgage very straightforward and was undertaken in a professional manner. The Society were the only financial institution which offered us a mortgage. Reviewed on: 2nd February 2024

I have an expat mortgage.

I have an expat mortgage. It was a complicated process, but the team was very supportive. Reviewed on: 2nd February 2024

Excellent service, and rates. Highly recommended

We were blessed to find Suffolk Building Society in 2016, when it was still Ipswich B Soc. They had an article in the press about helping ‘Mortgage Misfits’ - which is what we were. We were in our 60s, our Interest only Mortgage deal had come to an end & our lender would no longer lend to us. -after 15 years, never having had arrears or asking for a payment holiday. We felt it was definitely because of our age.The moment I called Suffolk, I knew I had found my lender. They were prepared to lend until beyond retirement age, had some excellent rates and deals-& we have never looked back. You can pay off up to 50% of the mortgage during its deal period. We opt for 2 year fixed deals and have managed to reduce our Mortgage consistently, since being with Suffolk. The staff are always ultra helpful and professional and we cannot recommend them highly enough. We have recommended them to many friends & colleagues, who are all equally delighted with the outstanding customer service given. We would NEVER go to any other lender now. Reviewed on: 2nd February 2024

What an experience

Great communication, fast efficient, low stress Reviewed on: 2nd February 2024

Very helpful and knowledgable, good price

Very helpful and knowledgable, good price Reviewed on: 2nd February 2024

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