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Family Building Society withdraw fixed rates ahead of reprice

Family Building Society is set to withdraw all of its fixed rate products, for new business purchases and remortgages, as of Friday 3rd May.

This comes ahead of a major reprice from the society, which will see a number of rates across both residential and buy-to-let increase by up to 0.30%.

The new rates, which will be launched on Wednesday 8th May, include owner-occupier repayment fixed rates, which will see increases of 0.20% and owner-occupier interest-only fixed rates, which will see increases of 0.25%.

In addition, in its buy-to-let range, UK landlord fixed rates will be increased by 0.20%, limited company fixed rates will be raised by 0.30% and expat fixed rates will see increases of 0.25%.

The society has urged brokers currently looking to apply for existing products to submit applications in full by 5pm on Friday 3rd May.

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