The Family Building Society will temporarily withdraw its fixed rate mortgage products from 5pm today, Thursday 15th June.
A new, repriced, range will be available to brokers and borrowers from the 22nd June, following the highly anticipated base rate announcement by the Bank of England.
This withdrawal comes as many lenders have been forced to pull products due to ongoing turmoil in the money markets.
Family also confirmed that its discounted variable rates will be unaffected.
A note to brokers circulated yesterday evening said: “We know withdrawing fixed rate products is disappointing for you and for your clients, but please bear with us for a very short period of time as we work on delivering you a brand new set of products for your underserved borrowers.”
