Family Building Society has launched new fixed rate mortgages and replaced the majority of its current discounted variable rate mortgage products.
For owner occupier products its core range repayment 5-year fixed rates start at 5.54%, while its interest-only 5-year fixed rate comes in at 5.99% for 60% loan-to-value (LTV) maximum.
Joint Mortgage Sole Owner repayment 5-year fixed rates start at 5.64% and the Society’s family mortgage 5-year fixed at 5.69%. Retirement interest-only is priced at 5.99% for 50% LTV. maximum.
Buy-to-let 5-year fixed rates start at 6.39% for UK Landlords starting at 6.39% and 6.54% for Limited Company SPVs.
Keith Barber (pictured), director of business development, said: “Following the uncertainty in financial markets since the 23rd September mini-Budget which saw the withdrawal of fixed rates from many lenders, I’m pleased to announce a new range of 5-year fixed rate products for both owner occupier and buy-to-let customers.
“While our previous range of discounted variable rate products have proved very popular, this new range provides a degree of certainty for many borrowers who may coming to the end of their existing fixed term loans and looking to fix their repayments for the foreseeable future.”
