Family Building Society has launched a range of reduced-price owner-occupier repayment and interest-only products.
Key highlights of the rate reductions include a repayment 2-year fixed rate now from 5.19% and a 5-year fixed rate now from 4.74%.
In its Interest Only range, the society’s 2-year fixed rate starts from 5.69%, and its 5-year fixed rate from 5.24%.
In addition, its 5-year Retirement Interest Only (RIO) product has been reduced to 5.54%.
In its buy-to-let range, the society is offering a 2-year fixed rate now from 5.44% and a 5-year fixed rate now from 4.89% with no product fee.
For limited company landlords, a 2-year fixed rate is now available from 5.44% and a 5-year fixed rate is available from 4.99%.
Lastly as part of its buy-to-let expat range, the 2-year fixed rate now starts from 5.64%.
Darren Deacon, head of intermediary sales, said: “We’re very pleased to offer these rate reductions across a wide range of products.
“They will be particularly welcome I’m sure for those underserved older borrowers struggling to remortgage simply because of their age and who need a lender willing and able to spend the time understanding their needs.
“In addition, our commitment to the buy-to-let market is reflected in the removal of the product fee for our 5-year UK landlord product in addition to rate reductions across our buy to let range.”
