Family BS launches new 2-year products
The society has announced the launch of a new suite of two-year fixed-rate products alongside reductions to fixed-rate mortgage rates.
"These rate reductions will be especially welcomed by intermediaries looking to help underserved borrowers who may be coming to the end of their existing fixed-term loans and looking to fix their repayments for the foreseeable future"
- Keith Barber - Family Building Society
Family Building Society has launched its new range of two-year fixed rate products and reduced all Owner Occupier and Buy to Let fixed rates.
For Owner Occupiers:
Core range repayment products now start from 6.24%
Joint Mortgage Sole Owner repayment products now start from 6.44%
Core range Interest-Only products now start from 6.89%
Owner Occupier – all five-year fixed rate products have also been reduced including Core range repayment products now starting from 5.54%, Joint Mortgage Sole Owner repayment products now starting from 5.74%, and Family Mortgage now at 5.79%.
In addition to this, Core range Interest-Only products now start from 6.19% and Retirement Interest-Only (RIO) has been reduced to 6.49%.
For Buy to Let :
UK Landlords: five-year fixed rates now start from 6.14%
Limited Company SPVs: five-year fixed rates now start from 6.14%
Expat rates now start at 6.59%.
Keith Barber, Director of Business Development at Family Building Society, commented: “We’re pleased to announce the reintroduction of our two-year fixed rate products and a rate reduction across all our five-year fixed rate products.
"These rate reductions will be especially welcomed by intermediaries looking to help underserved borrowers who may be coming to the end of their existing fixed term loans and looking to fix their repayments for the foreseeable future.”
