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The society has also withdrawn its 60% LTV Limited Company five-year fixed rate product (XF0898).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

Second charge mortgage lending volumes dip for first time in more than a year

New business volumes in the second charge mortgage market fell by 1% in May,...

Building Societies Association signs Mortgage Industry Mental Health Charter

The Building Societies Association has become the latest organisation to sign the Mortgage Industry...

Sprive urges first-time buyers to plan ahead as Leeds launches 2% deposit mortgage

Sprive has welcomed Leeds Building Society's new 98% loan-to-value mortgage but says borrowers should...

Leeds launches 98% LTV mortgage aimed at widening access for first-time buyers

Leeds Building Society has introduced a new 98% loan-to-value mortgage designed to help more...

Uinsure secures exclusive Lloyds Bank General Insurance panel deal for advisers

Uinsure has added Lloyds Bank General Insurance to its home insurance panel in an...

Latest publication

Other news

Second charge mortgage lending volumes dip for first time in more than a year

New business volumes in the second charge mortgage market fell by 1% in May,...

Building Societies Association signs Mortgage Industry Mental Health Charter

The Building Societies Association has become the latest organisation to sign the Mortgage Industry...

Will we look back at Q2 as the most stable quarter of 2026?

The first half of 2026 has reminded us how quickly sentiment can change within...