"This new set of mortgage products reflects the relative stability we now see across the mortgage market."
Family Building Society has reduced rates across its residential and buy-to-let product ranges by up to 0.30%.
Across its residential range, all five-year fixed rates have reduced by 0.20%, now starting from 4.99%, with joint borrower sole proprietor rates starting from 5.09%.
As part of the changes, all two-year fixed rates have been withdrawn without replacement.
Across its interest-only range, rates have reduced by 0.10%, including retirement interest-only, with core five-year fixed rates now starting from 5.54%.
Elsewhere in the Society's residential range, interest-only discount rates have increased by up to 30bps.
For buy-to-let, five-year fixed rates have been cut by 0.20%, now starting at 5.84% with a £999 product fee.
For limited company SPVs, five-year fixed rates have reduced by 0.30%, starting at 5.74% with a 2% product fee.
In addition, expat buy-to-let discount rates have been reduced by 0.25%, now starting at 5.99%.
Keith Barber, director of business development at Family Building Society, commented: “This new set of mortgage products reflects the relative stability we now see across the mortgage market. These rate reductions will be especially welcomed by intermediaries looking to help underserved borrowers who may be coming to the end of their existing fixed term loans and looking to fix their repayments for the foreseeable future.”
