Family BS launches new limited company buy-to-let product

Family Building Society has announced the launch of a new two-year fixed rate limited company buy-to-let product for purchase and remortgage applications.

The new product is available at 4.69% up to 75% LTV on an interest-only and capital & interest repayment basis.

The product comes with a 2.00% product fee (minimum £1,500) and includes £500 cashback for remortgage applications.

Last month, Family Building Society improved its buy-to-let affordability assessment, resulting in additional borrowing of up to 35%.

The change will typically result in a 15% improvement in borrowing power for capital raising applications and a 35% improvement on pound-for-pound remortgage cases.

Darren Deacon, head of intermediary sales, commented: “The launch of this new two-year product, alongside the recent significant improvements to our buy-to-let affordability calculator, demonstrates our continual commitment to UK landlords both here and abroad. 

"It may be an uncertain time at the moment with nervous financial markets continually reflecting on world events, but at least our range of two-year products offer landlords a degree of short-term certainty.”