The Family Building Society has given its mortgage product offering for new business a refresh
The majority of mortgage products have been withdrawn and replaced, with reductions and all fixed rate end dates extended.
Key changes:
- Core five-year fixed rate repayment products have been reintroduced, with a reduction of 0.10 percentage points.
- Joint Mortgage Sole Owner five-year fixed rate repayment products have been reduced by 0.10 percentage points.
- Core three-year discount interest only products reduced by 0.30 percentage points.
In addition, the popular Family Mortgage for first time buyers has been reduced by 0.35 percentage points.
Keith Barber, director of business development, said: “Despite the approaching end of the of the Stamp Duty holiday, we continue to see strong demand. The reintroduction of our five-year fixed rate product and interest only reductions provide intermediaries greater choice, particularly for the underserved later life borrower and those looking for additional family assistance through our Joint Mortgage Sole Owner mortgage.
“And as house prices continue to rise, we are pleased to be able to give first time buyers an additional helping hand by reducing our award-winning Family Mortgage product by 0.35% to 3.29%, fixed for five years.”