Family BS reduces mortgage rates and launches new tracker range

Family Building Society has announced the launch of a refreshed range of mortgage products.

This includes the introduction of new two-year interest only tracker products for owner occupiers, as well as UK and expat buy-to-let landlords, including those borrowing through limited company SPVs.

The Society has also reintroduced five-year fixed rate HMO products for UK and expat landlords, following their withdrawal in March, and reduced its two-year fixed rates by 30bps and five-year UK landlord rates by 10bps.

Darren Deacon, head of intermediary sales at Family Building Society, commented: “The UK housing market is facing a period of uncertainty, with confidence among homebuyers and those looking to remortgage affected by events at home and overseas. Brokers have told us that enquiries for tracker products are on the increase. 

"Our new BoE tracker rates give borrowers seeking an interest-only option greater flexibility while they wait for more stable economic and political conditions before committing to a longer-term fixed rate.”