Family Building Society cuts buy-to-let rates

Ryan Bembridge

April 26, 2018

Family Building Society has cut buy-to-let mortgage rates by between 0.20% and 0.45% with immediate effect.

The society has reduced all fixed rate products by 0.25% to 0.45% and all variable rates by between 0.20% and 0.25%.

Keith Barber (pictured), director of business development, said “There may be speculation of a further Bank of England Bank Rate increase in May, however, these interest rate reductions will be welcome news to our intermediary partners and landlords.

“Reduced monthly payments and the availability of our buy-to-let offset mortgage which is designed to further reduce landlord costs, should give landlords greater confidence in a market that has been subjected to far too much interference over the last two years.”

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