Mortgage News
Family BS brings out five-year fixed rates
Family Building Society has released a range of five-year fixed rates, both in its owner occupier and buy-to-let ranges.
On the owner occupier side, the core range repayment five-year fixed rate begins at 5.54 per cent.
The interest-only five-year fixed rate at 60 per cent loan to value (LTV) is priced at 5.99 per cent.
The joint mortgage sole owner repayment five-year fixed rate starts at 5.69 per cent and the family mortgage five-year fixed rate is priced at 5.69 per cent.
The lender has also brought out a retirement interest-only product with a maximum LTV of 50 per cent beginning at 5.99 per cent.
On the buy-to-let side, five-year fixed rates for UK landlords are priced from 6.39 per cent and limited company special purchase vehicles (SPV) start at 6.54 per cent.
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Keith Barber (pictured), director of business development at Family Building Society, said: “Following the uncertainty in financial markets since the 23 September mini Budget which saw the withdrawal of fixed rates from many lenders, I’m pleased to announce a new range of five-year fixed rate products for both owner occupier and buy-to-let customers.
“While our previous range of discounted variable rate products have proved very popular, this new range provides a degree of certainty for many borrowers who may coming to the end of their existing fixed term loans and looking to fix their repayments for the foreseeable future.”