Family Building Society has launched a range of 2- and 5-year fixed rate products for buy-to-let (BTL) limited company landlords who are registered as companies in the UK but have expat shareholders and/or directors.
Available for purchase and remortgage up to 75% loan-to-value (LTV), the new range is also available on a repayment or interest-only basis.
A 2-year product is available from 5.34%, while a 5-year product is available from 5.59%.
Across its existing range of BTL product range, Family Building Society has also reduced all 2-year fixed rates by 0.10% and 5-year fixed rates by 0.05%.
In addition, the society has announced reductions across their 2 and 3-year Owner Occupier repayment range of 0.10%.
Its 2-year fixed rate joint borrower sole proprietor (JBSP) product has also been reduced by 0.10%.
Managed Mortgage Rates and Discounted Variable Rates will reduce by 0.25% from tomorrow, 1st October.
Darren Deacon, head of intermediary sales at the society, said: “Our new range of expat limited company BTL products is the natural next step in the continual development of our BTL product range.
“Catering for expat directors and company shareholders working and living abroad, provides greater flexibility for company landlords who own property in the UK but may be working or living abroad.
“Alongside a £500 cashback available for 5-year remortgage applications and fee free valuation for properties up to £500k, I’m sure this new range, alongside our reductions in our existing BTL range, will be welcomed by intermediaries in search of more options for their UK and expat clients.”
