Family BS cuts residential and buy-to-let rates by up to 0.25%

Family Building Society has reduced rates across its residential repayment and interest-only rates, alongside reductions across its buy-to-let range for UK landlords, limited companies and expats.

In the Society's residential range, two-year fixed rates now start from 5.19% and five-year rates from 4.74%. Its interest-only products include two-year fixed rates from 5.69% and five-year fixes from 5.24%. In addition, a five-year retirement interest-only mortgage has reduced to 5.54%.

In its buy-to-let range, two-year fixed rates for UK landlords start from 5.44% and fee-free five-year fixed rates from 4.89%.

Limited company two-year fixed rates now start at 5.44% and five-year rates from 4.99%, while a two-year fixed rate expat buy-to-let product is available at 5.64%.

Darren Deacon, head of intermediary sales at Family Building Society, commented: “We’re very pleased to offer these rate reductions across a wide range of products. They will be particularly welcome I’m sure for those underserved older borrowers struggling to remortgage simply because of their age and who need a lender willing and able to spend the time understanding their needs. 

"In addition, our commitment to the buy-to-let market is reflected in the removal of the product fee for our five-year UK landlord product in addition to rate reductions across our buy-to-let range.”