Rates across Family Building Society’s 2 Year Owner Occupier Repayment range have today (20 January) been reduced by 10bps, alongside 5bps reductions to the 3 and 5 Year Fixed Rates.

2 Year Fixed Rate Interest-Only rates have also been reduced by 10bps. Following a reduction of the Society’s Managed Mortgage Rates, which takes effect from 7 February, the discounted 2 and 3 Year Owner Occupier Interest-Only range benefits from a 15bps reduction.

In addition, Family Building Society has enhanced their HMO criteria which is now available for properties with six bedrooms.

Darren Deacon, Head of Intermediary Sales, commented, “These rate reductions will be welcomed by intermediaries and borrowers alike in what remains quite an uncertain and competitive market. For landlords looking for an alternative lender with a flexible and case by case approach, our enhanced HMO criteria will also be welcome news.”