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

Propertymark sets up independent board to separate oversight from representation

Propertymark has established a new independent Regulatory Board, marking a significant shift in how...

Pure Retirement reveals trends among single life equity release borrowers

Age and gender play a decisive role in the marital status of customers taking...

Conveyancers take issue with MoJ’s client account interest plans

The Conveyancing Association has set out firm opposition to Ministry of Justice proposals to...

Midlands brokers confident of stronger year ahead, Primis survey finds

Mortgage brokers across the Midlands are entering 2026 in a notably positive mood, with...

The Mortgage Lender cuts buy-to-let rates ahead of major refinancing wave

The Mortgage Lender has reduced selected buy-to-let rates as landlords and brokers prepare for...

Latest publication

Other news

Propertymark sets up independent board to separate oversight from representation

Propertymark has established a new independent Regulatory Board, marking a significant shift in how...

Working up those income streams

Some might say the UK labour market has lost some of its confidence. Unemployment...

Conveyancers take issue with MoJ’s client account interest plans

The Conveyancing Association has set out firm opposition to Ministry of Justice proposals to...