Family BS cuts BTL rates

Published on

Family Building Society has announced a 30 basis point (bps) reduction on its UK Landlords buy-to-let product.

This means that its five-year fixed rate product is now available at 4.59%.

Additional features of the product include the following:

  • Maximum LTV now 65% (previously 60%)
  • Minimum loan now £45,000 (previously £100,000)
  • Maximum loan now £750.000 (previously £600.000)
  • No application or product fee
  • Free valuation up to £500,000 (discounted thereafter)
  • £500 cash back for remortgages

The society has also withdrawn its 60% LTV Limited Company five-year fixed rate product (XF0898).

Darren Deacon, the society’s head of intermediary sales, said: “The launch of this new, enhanced buy-to-let product for UK landlords comes at a time when the rental market is facing many challenges.

“This competitive five-year fixed rate product will be a welcome boost to those landlords looking for financial certainty over the medium term.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

More than 255,000 homeowners to leave five-year fixes by the end of June

More than 255,000 UK households are due to come off five-year fixed mortgage deals...

The Leeds strengthens intermediary team with senior account manager hire

Leeds Building Society has hired Michelle Ward as corporate account manager, adding more than...

Rising rental yields give landlords a stronger start to 2026, but March volatility clouds outlook

Fleet Mortgages’ latest Rental Barometer shows average yields reached 8.1% in Q1 2026, up...

Mortgage availability rises as lenders cut pricing

Mortgage availability increased in the first quarter of 2026 as lenders loosened supply and...

Keystone cuts buy-to-let fixed rates by up to 15bps

Keystone Property Finance has reduced rates across its fixed rate buy-to-let ranges by up...

Latest publication

Other news

Q&A: Claire Cherrington, Sesame Bankhall Group

Mortgage Soup fires the questions at Claire Cherrington, director of PMS and Bankhall, Sesame...

Beyond the Robo-Adviser: why the future of mortgages is ‘Human Plus’

The fintech industry is obsessing over a binary choice: the traditional human broker or...

More than 255,000 homeowners to leave five-year fixes by the end of June

More than 255,000 UK households are due to come off five-year fixed mortgage deals...