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 20 January, we’ve refreshed our product range pricing and enhanced our Buy to Let HMO criteria. Our HMO range now caters to properties with up to six bedrooms (previously four bedrooms).
We are also announcing upcoming rate reductions to our Mortgage Reversion Rates, including our Managed Mortgage Rates (MMRs).
Further details are below:
Owner Occupier Fixed Rates
Repayment
- 2 Year Fixed Rates have decreased by 0.10%
- 5 Year Fixed Rates have decreased by 0.05%.
Interest-Only
- 2 Year Fixed Rates have decreased by 0.10%
- 5 Year Fixed Rates remain the same.
Buy to Let Fixed Rates
New Business
Our 5 Year Limited Company Fixed Rate (3% Product Fee) has decreased by 0.10%. There have been no other changes to rates for UK Landlord, Expat Buy to Let, HMO and Expat Limited Company products.
Existing Borrowers
No changes have been made to Buy to Let rates for our Existing Borrowers.
Buy to Let HMO
Our Buy to Let HMO range now caters to properties with up to six bedrooms (previously four bedrooms)
Managed Mortgage Rates and Discounted Variable Rates
Our Managed Mortgage Rates will reduce by 0.15% from 7 February.
This means:
- Pay rates for our Discounted Variable Rates will also drop by 0.15% on this date
- We’ve updated our website, other details such as representative examples and product literature to reflect the lower reversion rates effective from 7 February.
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