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

Self-employed borrowers face narrower lender choice

Self-employed mortgage applicants have access to more than a third fewer eligible lenders than...

Landlords target growth despite rising costs

More than eight in 10 professional property investors plan to expand their portfolios during...

Home insurance defies wider fall in customer satisfaction

Home insurance has bucked a wider decline in customer sentiment towards UK insurers, according...

Nova appoints Andrew Smith as commercial director

Conveyancing provider Nova has appointed Andrew Smith as commercial director as it seeks to...

Vida sharpens lending rules for borrowers approaching retirement

Vida has revised its later-life mortgage criteria to give brokers clearer guidance when arranging...

Latest publication

Other news

Self-employed borrowers face narrower lender choice

Self-employed mortgage applicants have access to more than a third fewer eligible lenders than...

Landlords target growth despite rising costs

More than eight in 10 professional property investors plan to expand their portfolios during...

Home insurance defies wider fall in customer satisfaction

Home insurance has bucked a wider decline in customer sentiment towards UK insurers, according...