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

Financial services firms sign skills pact ahead of Chancellor’s Mansion House speech

More than 20 financial services organisations have signed a new agreement with government aimed...

Brilliant Solutions partners with Box Socials

Brilliant Solutions has partnered with Box Socials to give its members discounted access to...

Mortgage rates fall at fastest pace in almost two years

Fixed mortgage rates have recorded their biggest monthly reductions for almost two years, as...

Solo first-time buyers face almost a decade of saving before they can buy

Solo first-time buyers face saving for almost a decade before they can afford to...

Redwood Bank strengthens underwriting team with senior appointment

Redwood Bank has appointed Omkar Hushing as senior underwriting manager as it continues to...

Latest publication

Other news

Q&A: Claire Cherrington, PMS and Bankhall

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

Financial services firms sign skills pact ahead of Chancellor’s Mansion House speech

More than 20 financial services organisations have signed a new agreement with government aimed...

How brokers can secure better client outcomes in a volatile market

Experience has always counted in the mortgage market. Brokers who worked through the financial...