Family Building Society has reintroduced its fixed-rate mortgage range with rates increased by 0.60 percentage points following recent swap rate volatility.
The lender temporarily withdrew its fixed-rate products on 4 September and has now relaunched the range across both owner-occupier and buy-to-let mortgages.
Family BS said the repriced range reflected current conditions in the swap market and also introduced longer product end dates.
There have been no changes to its variable-rate mortgage products, including discount and tracker rates, while its mortgage reversionary rates have also remained unchanged.
SWAP RATE VOLATILITY
The move comes amid renewed pressure on mortgage pricing as lenders respond to volatility in wholesale funding markets.
Darren Deacon (main picture, inset), head of intermediary sales at Family Building Society, said: “Market conditions remain challenging for borrowers and brokers alike, particularly against the backdrop of ongoing events in the Middle East.
“However, people still need to move or remortgage, and brokers need lenders that can provide flexibility and a pragmatic approach to more complex cases.
“Our refreshed fixed rate range gives intermediaries more options for borrowers who need the certainty of a fixed rate solution.”
