Family Building Society has cut prices across its residential and buy-to-let fixed-rate ranges by up to 55bps.
Highlights of the mutual’s changes cover:
- Two-year residential deals for interest-only and capital repayment, down by 50bps and five-year products, down by 40bps
- Repayment two-year fixes now start from 5.74% and five-year offers from 5.14%
- Interest-only two-year rates now start from 6.39%
- Interest-only five-year rates now start from 5.79%
- Five-year BTL fixes have been reduced by 55bps and now start from 5.59%
The lender also launches a two-year fix for UK landlords, limited company, special purpose vehicles and expats, with rates starting at 6.09%.
Family Building Society director of business development Keith Barber says: “These significant reductions across our owner occupier and buy-to-let range will go some way to help older borrowers and landlords struggling with affordability and who need the flexibility and common-sense underwriting for which we are widely known.”
The firm has withdrawn all discounted variable rate offers — with the exception of offset, joint borrower sole proprietor and expat products.
The post Family BS reduces resi, landlord rates by up to 55bps appeared first on Mortgage Strategy.
