Family BS cuts residential and BTL fixed rates

Published on

The Family Building Society has unveiled a new range of reduced price mortgage products.

Two-year owner occupier products for interest only and capital repayment have been reduced by 50bps and five-year products have been reduced by 40bps.

Repayment two-year fixed rates now start from 5.74% and five year from 5.14%.

Meanwhile, interest-only two-year rates now start from 6.39% and 5.79% for five-year deals.

Five-year buy-to-let fixed rates have been reduced by 55bps and now start from 5.59%.

In addition, the buy-to-let range also sees the introduction of a new two-year fixed rate option for UK landlords, Limited Company Special Purpose Vehicles and Expats, with rates now from 6.09%.

Keith Barber, Family BS’s director of business development, said: “These significant reductions across our owner occupier and buy-to-let range will go some way to help older borrowers and landlords struggling with affordability and who need the flexibility and common-sense underwriting for which we are widely known.”

The Society has also announced the withdrawal of all discounted variable rates with the exception of offset, JBSP and expat products.

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.

[tds_create_account btn_bg_h="#000000" f_text_font_family="global-2_global" show_version="" tdc_css="eyJhbGwiOnsiYm9yZGVyLXJhZGl1cyI6IjUiLCJkaXNwbGF5IjoiIn19"]

Latest articles

Brokers are losing the attention battle 1,000 to 3

Take a client you placed on a 5-year fix last year. Over the life...

Legal & General Surveying Services rebrands as Westmarq

Legal & General Surveying Services has rebranded as Westmarq following its change of ownership...

Market recovery remains fragile as buyer demand improves

Buyer demand and agreed sales improved again in August but uncertainty over mortgage rates...

Teachers BS posts record month for mortgage completions

Teachers Building Society recorded its highest-ever level of mortgage completions in August as the...

Mortgage’s Got Talent launches for 2026

Mortgageforce is bringing the mortgage industry together this November for Mortgage's Got Talent –...

Latest publication

Other news

Brokers are losing the attention battle 1,000 to 3

Take a client you placed on a 5-year fix last year. Over the life...

Legal & General Surveying Services rebrands as Westmarq

Legal & General Surveying Services has rebranded as Westmarq following its change of ownership...

Market recovery remains fragile as buyer demand improves

Buyer demand and agreed sales improved again in August but uncertainty over mortgage rates...