Family Building Society has launched a new buy-to-let range designed for limited company landlords with expat shareholders or directors, alongside a series of rate reductions across its existing mortgage offering.

The mutual confirmed the new products will be available for purchase and remortgage loans up to 75% loan-to-value (LTV), on either repayment or interest-only terms.

Rates are set at 5.34% for a two-year fix and 5.59% for a five-year fix, with a 1% product fee (minimum £1,000).

The move marks the society’s first step into lending to UK-registered companies owned or directed by expats living in a range of approved countries.

Darren Deacon (pictured), head of intermediary sales, said: “Our new range of expat limited company buy-to-let products is the natural next step in the continual development of our buy-to-let product range.

“Catering for expat directors and company shareholders working and living abroad, provides greater flexibility for company landlords who own property in the UK but may be working or living abroad.

“Alongside a £500 cashback available for 5-year remortgage applications and fee free valuation for properties up to £500k, I’m sure this new range, alongside our reductions in our existing buy-to-let range, will be welcomed by intermediaries in search of more options for their UK and expat clients.”

In addition, the lender has cut all existing two-year fixed buy-to-let rates by 10 basis points and its five-year fixes by five basis points.

Owner-occupier borrowers will also benefit from reductions of 10 basis points across two- and three-year fixed repayment products, as well as a 10 basis point cut to the two-year fixed joint borrower sole proprietor (JBSP) range.

In addition, managed mortgage rates and discounted variable rates will fall by 0.25% from 1 October.