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Family BS cuts selected rates

Jake Carter

January 7, 2022

cut rates btl

Family Building Society has made a series of rate reductions to select owner-occupier repayment products, owner-occupier interest-only deals and buy-to-let offerings.

Notable cuts within its owner-occupier repayment range include reductions to 60% loan-to-value (LTV) products of between 0.15% and 0.35%.

As well as reductions to 80% LTV products of between 0.30% and 0.50%, Joint Mortgage Sole Owner (JMSO) product fees have been reduced from £999 to £599, and its Family Mortgage has been cut by 0.45% to 2.84%.

Looking to owner-occupier interest-only deals, the lender has made reductions to its core range including retirement interest-only of between 0.25% and 0.50%.

It has also cut its expat range reduced between 0.57% and 0.67% and reduced JMSO product fees from £999 to £599.

Within the lender’s buy-to-let range, it has made reductions to UK landlord products of between 0.20% and 0.45%, reductions to expat products of between 0.20% and 0.65% and increased the maximum LTV on limited company offerings from 65% to 70%

Keith Barber director of business development of Family Building Society, said: “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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