Family Building Society has introduced rate reductions on both owner-occupier and buy-to-let (BTL) mortgage products, as well as making changes to products across both ranges.
The lenders reduced rates on all 5-year residential fixed rate products and reintroduced 2-year owner-occupier deals for core semi-exclusive interest-only products, available for 60% and 80% loan-to-value (LTV).
Family BS withdrew its 5-year fixed interest-only product at 80% LTV for general intermediaries without replacement – this product is now only available through the lender’s packagers and key accounts.
In the BTL range, Family Building Society reduced rates on all 5-year fixed rate products, and reintroduced the 60% LTV variant of its 5-year expat product for semi-exclusive firms.
No changes were made to its standard variable rate (SVR) or discounted variable rate products.
