Family Building Society has launched new fixed rate mortgages and replaced the majority of its current discounted variable rate mortgage products.
The headline fixed rates products announced are:
Owner Occupier fixed rates:
- Core range repayment five-year fixed rates starting at 5.54%
- Interest-Only five-year fixed rate at 5.99% for 60% LTV maximum
- Joint Mortgage Sole Owner repayment five-year fixed rates starting at 5.64%
- Family Mortgage five-year fixed at 5.69%
- Retirement Interest-Only at 5.99% for 50% LTV maximum.
Buy-to-let fixed rates:
- Five-year fixed rates for UK landlords starting at 6.39%
- Five-year fixed rates for Limited Company SPVs starting at 6.54% .
Keith Barber, director of business development, 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.”