Family BS cuts residential and buy-to-let rates by up to 0.65%

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.”