It reduces rates by up to 0.65%
Family Building Society has launched a new range of discounted mortgage products, with reduced rates of up to 65 basis points (bps).
Two-year owner occupier products, covering both interest-only and capital repayment options, had their rates dropped by 60bps. Core five-year fixed rates, including the Family Mortgage, have seen a 55bps reduction, while joint borrower sole proprietor (JBSP) fixed rates have had at least a 60bps decrease.
Brokers - we've made some changes to our mortgage product range with effect from today 23 January 2024. We’ve reduced the rates across all our Owner Occupier and Buy to Let Fixed rate products.
— Family Building Society (@FamilyBSoc) January 23, 2024
Find out more here: https://t.co/Du4DO8fl2a pic.twitter.com/ppcDzaF6FG
As a result of the rate cuts, repayment two-year fixed rates now start from 5.14% while five-year options begin at 4.59%. Interest-only two- and five-year rates start from 5.79% and 5.19%, respectively. Five-year buy-to-let fixed rates were reduced by 60bps, now starting at 4.99%.
“This latest set of significant reductions reinforces our commitment to the intermediary market,” said Keith Barber (pictured), director of business development at Family Building Society. “This new range of products and our manual underwriting expertise means there is a real alternative to high street for the underserved borrower.”
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