Rate cuts across OO and BtL range and new improved BtL products

Rates across Family Building Society’s owner occupier repayment product range have today (6 November) been reduced by up to 15bps and by 10bps across their Interest-Only product set.

In addition, Family Building Society has simplified their Buy to Let range by removing the 60% LTV tier with the entire product range now available up to a maximum of 75% LTV. Further enhancements to the Buy to Let range include reductions of 10bps to 2 and 5 Year fixed rates for UK Landlord, Limited Company and Expat Buy to Let and a fee free product range for existing borrower product switches and further advances.

There are no changes to changes to the HMO and Expat Limited Company range. Managed Mortgage Rates and Discounted Variable Rates remain unchanged.

Darren Deacon, Head of Intermediary Sales, commented, “It is clear that purchasers and those looking to remortgage, may be delaying decisions until after the Autumn Statement and the potential tax raising measures that are likely to be announced. Therefore, these price reductions will be welcomed by many on the cusp of a purchase or remortgage and in particular by UK and Expat landlords looking to secure certainty that a 2 or 5 Year Fixed term in an uncertain economic outlook.”

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