Family Building Society has cut select capital repayment, interest-only and buy-to-let products by as much as 0.5 per cent.
Owner occupier capital repayment products at 60 per cent loan to value (LTV) have been reduced by as much as 0.35 per cent and deals at 80 per cent LTV have fallen by up to 0.5 per cent.
This includes the two-year fixed rate at maximum 60 per cent LTV, which has been reduced to 2.44 per cent and its two-year fixed rate with maximum 80 per cent LTV, which has been cut to 2.54 per cent.
The mutual has reduced the rates owner occupier interest-only products, including its retirement interest-only range by up to 0.5 per cent.
Its owner occupier interest-only expat range has been cut by as much as 0.67 per cent.
In its buy-to-let range, Family Building Society has cut UK landlord and expat products by up to 0.45 per cent and 0.65 per cent respectively.
The maximum LTV on its limited company product has also been increased from 65 per cent to 70 per cent.
Keith Barber director of business development at Family BS, said: “These rate reductions offer a significant opportunity for intermediaries looking for attractive solutions for later life borrowers who are often underserved by the mainstream lenders.
“Our revised UK landlord and expat buy-to-let products will equally be welcomed, as will the reductions to our Family Assistance range for those who have family able to help those just starting out on their home owning journey.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
