Family BS cuts resi and buy-to-let rates by up to 0.67%

Family Building Society has announced a series of rate reductions across its residential and buy-to-let mortgage ranges.

Related topics:  Mortgages   |   Rozi Jones
|
7th January 2022
calculator rates mortgage house
"Our revised UK landlord and expat buy-to-let products will equally be welcomed, as will the reductions to our Family Assistance range"

Residential products have seen reductions of between 0.15% and 0.35% at 60% LTV and between 0.30% and 0.50% at 80% LTV.

Additionally, its Family Mortgage product has reduced by 0.45% to 2.84% and its joint mortgage sole proprietor product fees have been cut from £999 to £599.

On its owner occupier interest-only range, reductions to its core product rates - including retirement interest-only - are between 0.25% and 0.50%.

Its expat interest-only rates have also been lowered by between 0.57% and 0.67%.

For buy-to-let, standard rates have been reduced by between 0.20% and 0.45% and expat rates by between 0.20% and 0.65%.

In addition, its limited company maximum LTV has increased from 65% to 70%.

Keith Barber, director of business development, commented: “These rate reductions offer a significant opportunity for intermediaries looking for attractive solutions for later life borrowers who are often underserved by the mainstream lenders. Our revised UK landlord and expat buy-to-let products will equally be welcomed, as will the reductions to our Family Assistance range for those who have family able to help those just starting out on their home owning journey.”

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