Family Building Society has launched a range of two and five-year fixed rate products for limited company buy-to-let landlords who are registered as companies in the UK but who have expat shareholders and/or directors in a range of acceptable countries.
Available for purchase and remortgage up to 75% LTV, the new range is also available on a repayment or interest-only basis.
Two-year fixed rates are available at 5.34% and five-year rates from 5.59%, both with a 1% product fee.
Across the Society's existing buy-to-let product range, it has reduced all two-year fixed rates by 10bps and five-year fixed rates by 5bps.
In addition, Family Building Society has announced reductions of 0.10% across its two and three-year residential range and two-year fixed rate JBSP products.
Finally, managed mortgage rates and discounted variable rates have reduced by 0.25%.
Darren Deacon, head of intermediary sales at Family Building Society, commented: “Our new range of expat limited company buy-to-let products is the natural next step in the continual development of our buy-to-let product range.
"Alongside a £500 cashback available for five-year remortgage applications and fee free valuation for properties up to £500,000, I’m sure this new range, alongside our reductions in our existing buy-to-let range, will be welcomed by intermediaries in search of more options for their UK and expat clients."
