Family Building Society reintroduces 60% LTV across core OO range and reduces rates

Family Building Society has today (16 April) announced the launch of a new range of reduced-price fixed rate Owner Occupier products. They have also reintroduced their lower LTV price tier products across the Owner Occupier product set. In addition, their 2 and 5 Year Fixed Rate Buy to Let range has been reduced by 25bps and 15bps, respectively.

Family Building Society has also reduced their fixed rates for existing customers for product switches and further advance purposes. Owner Occupier 2-year capital and interest products, as well as core 2 and 5 Year Interest-Only products have been reduced. Buy to Let products have also been reduced by up to 25bps.

Darren Deacon, Head of Intermediary Sales, commented, “Although it’s anybody’s guess how long the fragile cease fire will last, the relative stability in the Gulf has been reflected in market sentiment allowing us to be able to make these rate reductions and to reintroduce pricing for lower LTVs. We completely understand the frustration that our intermediary partners are experiencing right now, but I’m hopeful that this new expanded and reduced rate product set will provide some welcome good news to borrowers and those looking to remortgage.”