The Family Building Society has returned to the mortgage market with a limited range of fixed-rate products for owner-occupiers and buy-to-let borrowers.

The mutual has launched a condensed selection of fixed-rate deals across its owner-occupier and buy-to-let ranges, while keeping its discounted variable rate products for expat, JBSP and core borrowers available at unchanged rates.

The move comes after sharp rises in swap rates over the past week prompted disruption across mortgage pricing, with a number of lenders repricing or withdrawing products.

REPAYMENT

For repayment borrowers, the revised range includes a two-year core product at 80% loan to value at 5.09% with a £999 fee, a two-year JBSP product at 90% LTV at 5.24% with a £599 fee, and a five-year family mortgage at 100% at 5.59% with no fee.

The society said additional security is required on the family mortgage, with a minimum LTV of 80%.

INTEREST-ONLY

Within its interest-only range, Family Building Society is offering a two-year core product at 80% LTV priced at 5.69% with a £999 fee, alongside a five-year retirement interest-only product at 50% LTV at 5.94%, also with a £999 fee.

BUY-TO-LET

For new buy-to-let business, the lender has introduced a two-year UK landlord fixed rate at 5.54%, with options including a £999 fee or a 1% fee subject to a minimum of £1,000. A two-year limited company product at 75% LTV is available at 5.09% with a 2% fee, subject to a minimum of £1,500, or at 5.59% with a 1% fee subject to a minimum of £1,000.

Its two-year expat buy-to-let product is priced at 5.09% with a 2% fee and a minimum fee of £1,500.

HMOs

The revised range also includes buy-to-let HMO products for new business. These comprise a two-year UK landlord HMO fixed rate at 5.74% with a £999 fee, a two-year limited company HMO at 75% LTV at 5.74% with a 1% fee, and a two-year expat HMO at 5.79% with a minimum fee of £1,000.

For existing borrowers taking a product switch or further advance, the society has launched a two-year UK landlord deal at 5.69%, a two-year limited company product at 75% LTV at 5.99%, and a two-year expat product at 6.04%. No fee applies to those deals.

Darren Deacon, head of intermediary sales at Family Building Society, said: “Like many lenders we have seen the significant rises in swap rates over the course of the last week wreak havoc with mortgage pricing.

“However, the introduction of this limited range will at least give some choice to intermediaries trying to find a suitable mortgage for those in the midst of moving home or remortgaging.

“Obviously, it is a changing picture by the day, but we aim to return with our full range of fixed rates as soon as possible.”