The Family Building Society has launched a range of reduced-price mortgage products across both its owner-occupier and buy-to-let (BTL) ranges.
The lender’s 2-year owner-occupier products – for interest-only and capital repayment – were reduced by 0.50%, and 5-year products were reduced by 0.40%.
Repayment 2-year fixed rates now start from 5.74%, and 5-year from 5.14%, while interest-only 2-year rates now start from 6.39%, and interest-only 5-year rates now start from 5.79%.
Family Building Society’s 5-year BTL fixed rates were reduced by 0.55%, and now start from 5.59%.
The lender also introduced a new 2-year fixed rate BTL option for UK landlords, Limited Company Special Purpose Vehicles and expats, with rates now from 6.09%.
Keith Barber, director of business development at Family Building Society, said: “These significant reductions across our owner occupier and buy to let range will go some way to help older borrowers and landlords struggling with affordability and who need the flexibility and common-sense underwriting for which we are widely known.”
The Family Building Society withdrew all discounted variable rates with the exception of offset, JBSP and expat products.
