Family Building Society has unveiled a new range of fixed rate mortgage products following its temporary withdrawal on 15 June.
It has also replaced all its discounted variable rates.
The changes are as follows:
Owner Occupier – Fixed Rates:
- Core range repayment products: five-year fixed rates now start from 5.44%
- Joint Mortgage Sole Owner repayment products: five-year fixed rates now start from 5.54%
- Core range Interest Only products: five-year fixed rates now start from 6.14%
Owner Occupier – Discounted Variable Rates:
- Offset repayment products: two-year discounted rates now start from 5.69%
- Core range Interest Only products: two-year discounted rates now start from 5.69%
- JMSO Interest Only products: two-year discounted rates now start from 5.99%
Buy to Let – Fixed Rates:
- UK Landlords: five-year fixed rates now start from 6.14%
- Limited Company SPVs: five-year fixed rates now start from 6.24%
Discounted Variable Rates:
- UK Landlords: two-year discounted rates now start from 5.89%
- Limited Company SPVs: two-year discounted rates now start from 6.19%
- Expats: two-year discounted rates now start from 6.24%
- Offsets: two-year discounted rates now start from 6.34%
In addition, the Society has announced a new five-year fixed rate for expats. it is available up to 70% LTV on an interest-only basis, at 6.49% with a 1% product fee (subject to a minimum of £1,000).
Keith Barber, director of business development and Family Building Society, said: “We appreciate our intermediaries’ patience during this turbulent time but, as promised we are now back in the market with new fixed rate products and revised discounted variable rates.
“Intermediaries, just like borrowers, need stability and we’re pleased to be able to offer fixed rates for those who want certainty of payment in the medium term, in what continues to be a difficult market for many.”
