Ipswich Building Society changes name to Suffolk Building Society

Ipswich Building Society has completed its rebrand and will now be known as Suffolk Building Society.

The society said its new name and new look represents a “significant evolution”, with the rebrand including a new intermediary website that offers an improved user experience following consultation with brokers.

The new website also includes a range of information and resources to assist intermediaries with the name change.

Suffolk Building Society CEO, Richard Norrington, said that the change to Suffolk Building Society has been a “carefully managed and gradual process”, so that existing branded materials have wound down to reduce unnecessary expense and minimise our carbon footprint.

“Whilst it is a new name, and a new brand, what isn’t changing is the importance of intermediaries to our business model,” Norrington said. “Our dedicated BDMs, support team and underwriters continue to adopt a personal approach, employing common-sense lending rather than being led by algorithms, meaning we will continue to consider every application on its merits.

“So, whether an intermediary is placing a case for a first time buyer, older borrower, a self builder or casual landlord, they can rest assured that we’re still working in the same way, with manual underwriting at the heart of the new Suffolk Building Society.”

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