Family Building Society has launched a new range of fixed rate residential and buy-to-let products, including an expanded five-year fixed rate range.
The new products cover the Society’s main lending areas including core, JBSP, Family Mortgage and retirement interest-only, alongside UK landlord, limited company, expat, and HMOs for buy-to-let borrowers.
Residential fixed rates start from 5.59% fixed for five years at 80% LTV and 5.74% fixed for two years, both with a £999 fee.
JBSP two and five-year fixed rates start from 5.89% and 5.74% up to 90% LTV, with a 100% LTV Family Mortgage available at 5.99% fee-free.
Two-year variable discounted rates start from 4.99% up to 80% LTV, with interest-only fixed rates launching at 6.34%.
In the Society's buy-to-let range, UK landlord two-year fixed rates start from 6.19% and five-year rates from 4.89%.
Two-year limited company rates are available from 5.14% and five-year rates from 6.04%. Expat rates have launched from 5.34%. All buy-to-let products are available up to 75% LTV.
Family Building Society has also repriced its variable discounted interest-only products and also launched variable discounted rate options for existing repayment and buy-to-let borrowers for switch and further advance purposes.
Darren Deacon (pictured), head of intermediary sales at Family Building Society, commented: “We understand the acute frustration that intermediaries face in trying to source mortgages for their clients in the face of volatile swap rates and product availability. This new, expanded product range is designed to provide increased choice for a wide range borrowers and intermediaries alike who are faced with continually changing marketplace.”
