Family Building Society has launched a range of owner occupier interest only and ex-pat buy-to-let mortgage products.
The society’s 5-year fixed rate owner occupier repayment and interest-only products have reduced by 0.10%.
Meanwhile, its 2-year fixed rate owner occupier interest only products have reduced by 0.15%.
In addition, a reduction of 0.20% has been made to the society’s ex-pat buy-to-let 5-year fixed rate.
Further enhancing its range of Joint Borrow Sole Proprietor (JBSP) products, Family Building Society has launched 2-year and 5-year Joint Borrower Sole Proprietor products up to 90% loan-to-value (LTV) for loans up to £500,000.
The society has also announced that for a limited time, there will be no application or product fees across their repayment JBSP product range.
Darren Deacon, head of intermediary sales, said: “The introduction of these lower priced and fee free products will give a real boost to borrowers and intermediaries alike in the face of a potentially challenging market as it absorbs the reintroduction of the lower Stamp Duty thresholds and the ongoing economic uncertainty.
“Similarly, the increase to 90% LTV in our new 2- and 5-year JBSP products will provide families an even greater choice as they seek to help first-time buyers and second steppers in their quest for home ownership.
“I am also sure intermediaries will welcome the significant reduction in our ex-pat buy-to-let 5-year rates which will enable them to help even more of their buy-to-let clients.”
