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.

Latest articles

Majority of homebuyers still emailing ID documents

More than six in 10 homebuyers are still sending copies of their identity documents...

Brighton rent surge sharpens buy-to-let focus

A 15% surge in Brighton rents during 2025 is likely to sharpen broker focus...

NatWest extends debt advice funding with £8m pledge to StepChange and PayPlan

NatWest Group has pledged £8m in additional funding to consumer debt advice organisations StepChange...

The Mortgage Works cuts limited company buy-to-let rates by up to 20bps

The Mortgage Works is reducing rates by up to 20 basis points (bps) on...

Manchester dominates first-time buyer lending as Worcester surges

Manchester has become Britain’s most first-time buyer-heavy mortgage market outside London with seven in...

Latest publication

Other news

Majority of homebuyers still emailing ID documents

More than six in 10 homebuyers are still sending copies of their identity documents...

Brighton rent surge sharpens buy-to-let focus

A 15% surge in Brighton rents during 2025 is likely to sharpen broker focus...

Technology: from transformation to stewardship

For most of the modern history of UK mortgage lending, stability has not simply...