Family Building Society raises residential rates

Ryan Bembridge

July 4, 2017

Family Building Society has raised residential rates as part of a wide refresh of its mortgage products.

The lender’s owner occupier 3-year fixes to 80% loan-to-value now stand at 2.44% for interest-only and 2.94% on a repayment basis with a £999 fee on loans up to £500,000 or 0.30% above that amount.

Similarly the lender’s 5-year fixes now stand at 2.54% with a £1,499 product fee and 2.74% with a £249 fee.

Brokers can still access the original product range until 14 July, which includes 5-year fixes at 2.39% with a £1,499 product fee and 2.59% with a £249 fee.

The society has also changed its buy-to-let limited company criteria.

Limited company product fees have been reduced from 1.50% of the advance to 1.25% of the advance and the minimum loan amount has been increased from £75,000 to £100,000.

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