Family Building Society has cut rates across its owner occupier and buy-to-let (BTL) mortgage products, with reductions of up to 0.20%.
The range includes lower rates for both repayment and interest-only owner occupier mortgages, as well as BTL deals.
2-year fixed rate owner occupier interest-only products dropped by 0.10% and 5-year fixed by 0.05%.
Meanwhile, the 2-year fixed rate owner occupier repayment products fell by 0.20% and the 5-year fixed by 0.05%.
The society’s 2-year joint borrower sole proprietor (JBSP) product saw a 0.25% reduction.
There were also changes to BTL, with the 2-year fixed rate for UK landlords dropping by 0.15% and the 5-year fixed by 0.05%.
2-year and 5-year fixed limited company BTL rates were also reduced by 0.15%.
New 5-year fixed rate BTL products for limited companies, with a 3.00% product fee, are now available for purchase and remortgage.
Additionally, the society has introduced 2-year interest-only options for loans over £500,000 and up to £4,000,000, available on a semi-exclusive basis.
Darren Deacon, head of intermediary sales at Family Building Society, said: “The introduction of these lower priced products maintains our position of delivering competitive rates combined with the unique flexibility we can provide through our manual underwriting philosophy.
“I am sure our intermediary partners will also welcome the reduced BTL rates which not only benefit UK landlords but expats too.
“In response to intermediary feedback I am also pleased that we’ve introduced new Owner Occupier 2-year fixed rate high-loan variants for mortgages over £500,000, available via our packaging partners, providing even greater flexibility for borrowers requiring larger loans.”
