Family Building Society cuts rates by up to 65bps

Published on

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 60bps and core five-year fixed rates (including the Family Mortgage) by 55bps.

In addition, JBSP fixed rates have been reduced by at least 60bps.

Details are as follows:

  • Repayment two-year fixed rates now start from 5.14% and five year from 4.59%
  • Interest-only two-year rates now start from 5.79%
  • Interest-only five-year rates now start from 5.19%
  • Five-year buy-to-let fixed rates have been reduced by 60bps and now start from 4.99%.

Keith Barber, director of business development, said: “This latest set of significant reductions reinforces our commitment to the intermediary market.

“This new range of products and our manual underwriting expertise means there is a real alternative to high street for the underserved borrower.”

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

Fignum appoints Steve Carruthers as growth director to accelerate next phase of expansion

Mortgage technology specialist Fignum has appointed Steve Carruthers as growth director, signalling its intent...

The Mortgage Stop joins New Leaf

The Mortgage Stop, a Romsey-based brokerage founded by husband and wife team Rohit and...

Howden strengthens south Wales presence with five new appointments

Howden has added to its growing south Wales team with the appointment of five...

SmartSearch enhances watchlist screening with World-Check One integration

SmartSearch, the UK-based provider of digital compliance and anti-money laundering solutions, has integrated the...

Paradigm launches fourth School of Marketing to support advisers

Paradigm has launched the latest edition of its annual School of Marketing, aimed at...

Latest publication

Latest opinions

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Navigating HMO and MUFB complexity with confidence

Historically, larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs) have often...

Other news

Fignum appoints Steve Carruthers as growth director to accelerate next phase of expansion

Mortgage technology specialist Fignum has appointed Steve Carruthers as growth director, signalling its intent...

The Mortgage Stop joins New Leaf

The Mortgage Stop, a Romsey-based brokerage founded by husband and wife team Rohit and...

Howden strengthens south Wales presence with five new appointments

Howden has added to its growing south Wales team with the appointment of five...