Family Building Society has made a number of changes to its mortgage offering.

Five-year fixed owner-occupier and buy-to-let rates have been reduced by up to 0.20 percentage points.

In addition, five-year year fixed rate limited company SPV rates have been cut by 0.30 percentage points.

Meanwhile, expat buy-to-let two-year discount rates have been lowered by 0.25 percentage points.

Keith Barber, director of business development at Family Building Society, said: “This new set of mortgage products reflects the relative stability we now see across the mortgage market.

“These rate reductions will be especially welcomed by intermediaries looking to help underserved borrowers who may be coming to the end of their existing fixed term loans and looking to fix their repayments for the foreseeable future.”