Family Building Society has reduced rates across its owner-occupier interest-only and buy-to-let (BTL) products.
As part of the reductions, all of the society’s owner-occupier interest-only rates have been reduced by 0.15%.
These include a 5-year fixed rate from 5.54% and a 2-year fixed from 6.14%.
In addition, limited company fixed rates have been reduced by 0.20% and the society’s expat fixed rates have seen reductions of 0.10%.
Family Building Society has also reintroduced both a 60% and 80% loan-to-value (LTV) 3-year interest-only owner occupier discounted variable rate product available for purchase, remortgage, further advance and product switch.
Darren Deacon, head of intermediary sales, said: “These reductions will be welcome news for our intermediary partners who have clients seeking the stability of a fixed interest only product.
“Likewise, landlords will now benefit from a choice of significantly reduced limited company products as well as additional reductions for expat landlords, which further demonstrates our commitment to the buy to let market.”
