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

Beverley Building Society launches RIO Lifetime Discount Mortgage

Beverley Building Society has expanded its later life proposition with the launch of a...

Saffron broadens FTB access and adds 5yr fix for lending into retirement

Saffron for Intermediaries has expanded first-time buyer eligibility across its owner occupied range and...

Kensington lowers rates across specialist residential ranges

Kensington Mortgages has reduced rates across its Resi 12 and Resi 6 ranges, lowering...

Landlords alert to renters’ reforms but most unclear on practical impact

Research by Paragon Bank, based on responses from more than 500 landlords, suggests that...

Fleet cuts remortgage rates and broadens EPC-linked range

Fleet Mortgages has expanded its two-year fixed-rate range for more energy-efficient rental properties while...

Latest publication

Other news

Beverley Building Society launches RIO Lifetime Discount Mortgage

Beverley Building Society has expanded its later life proposition with the launch of a...

Saffron broadens FTB access and adds 5yr fix for lending into retirement

Saffron for Intermediaries has expanded first-time buyer eligibility across its owner occupied range and...

Kensington lowers rates across specialist residential ranges

Kensington Mortgages has reduced rates across its Resi 12 and Resi 6 ranges, lowering...