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

Mortgage firms identify fewer vulnerable customers than FCA benchmark

Mortgage firms using MorganAsh’s digital vulnerability management platform report lower levels of customer vulnerability...

Beyond the walk: Mortgage leaders talk mental health – part 21

The Mortgage Industry Mental Health Charter's (MIMHC) third annual 144-mile Walk & Talk challenge...

OneDome launches TV campaign to promote joined-up homebuying

OneDome has launched its first major national TV campaign as it seeks to challenge...

The Swansea’s chief exec marks 25 years with charity pledge

Swansea Building Society is to launch a £25,000 charitable fund across Wales to mark...

Property data sandbox points to wider use of trusted information sharing

A government-backed sandbox has demonstrated how property data can be accessed, verified and shared...

Latest publication

Other news

Mortgage firms identify fewer vulnerable customers than FCA benchmark

Mortgage firms using MorganAsh’s digital vulnerability management platform report lower levels of customer vulnerability...

Beyond the walk: Mortgage leaders talk mental health – part 21

The Mortgage Industry Mental Health Charter's (MIMHC) third annual 144-mile Walk & Talk challenge...

Industry needs to move from hoarding data to using it to make decisions

Mortgage lenders have spent the last few years plugging into every available external source,...