Family BS cuts residential and buy-to-let rates by up to 0.65%
Two-year fixed rates now start from 5.14% and five-year rates from 4.59%.
"This latest set of significant reductions reinforces our commitment to the intermediary market."
- Keith Barber, director of business development at Family BS
Family Building Society has reduced rates across its residential and buy-to-let mortgage ranges by up to 65bps.
Two-year residential products for interest-only and capital repayment have reduced by 60bps and core five-year fixed rates (including the Family Mortgage) are down by 55bps.
In addition, joint borrower sole proprietor fixed rates have been reduced by at least 60bps.
Repayment two-year fixed rates now start from 5.14% and five-year rates from 4.59%.
Interest only two-year rates now start from 5.79% and five-year rates from 5.19%.
In the Society's buy-to-let range, fixed rates have decreased by 60bps and now start from 4.99%.
Keith Barber, director of business development at Family Building Society, commented: “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.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
FCA
FCA announces new measures to support growth of mutuals sector