The latest update from Family Building Society can be found here. Remember, we are able to package on a fees free basis for Family Building Society and also offer support to brokers who wish to deal directly via our mortgage club. Further details are available across our website. Full details of product range here.
From today, Tuesday 30 September, we’ve refreshed our product range and pricing and have introduced new products for Buy to Let Limited Companies with Expat shareholders and/or directors.
Further details are below:
NEW: Buy to Let Expat Limited Company
We have launched 2 and 5 Year Fixed Rate products for sale to Buy to Let Limited Company landlords, who are registered as companies in the UK, who have Expat Shareholders and/or directors in one of our acceptable countries.
- Available for Purchase and Remortgage
- Available up to 75% LTV
- Assessed against minimum 125% ICR
- Remortgages have a free valuation up to £500k property value, discounted valuation over £500k
- 5 Year Fixed comes with £500 cashback for Remortgages
- Available on a Repayment or Interest-Only basis
- Our usual Limited Company and Expat criteria applies
- Companies to be Special Purpose Vehicles (SPVs) registered in the UK under SIC code 68100, 68209 or 68320
- Shareholders and/or directors to be UK passport holders who are expats in one of our acceptable countries.
Owner Occupier Fixed Rates
Repayment
Core range:
- 2 and 3 Year Fixed Rates have decreased by 0.10%
- 5 Year Fixed Rates are unchanged.
Joint Borrower Sole Proprietor (JBSP):
- 2 Year Fixed Rates have decreased by 0.10%
- 5 Year Fixed Rates are unchanged
- There’s still no Application Fee for these products.
Interest-Only
All fixed rates remain unchanged.
Buy to Let Fixed Rates
- All 2 Year Fixed Rates have decreased by 0.10%
- All 5 Year Fixed Rates have decreased by 0.05%.
Managed Mortgage Rates and Discounted Variable Rates
Our Managed Mortgage Rates will reduce by 0.25% from 1 October.
This means:
- Pay rates for our Discounted Variable Rates will also drop by 0.25% on this date
- We’ve updated our website and product literature to reflect this change from 30 September, a day ahead of the changes.
Semi-exclusive products
On top of our standard range of products we have additional semi-exclusive products available via our packaging partners. For further information, speak to your local BDM.