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.
We have recently made interest rate reductions across our Standard, Limited Company, and Expat Fixed Rate mortgage products.
What’s new?
We have reduced all our BtL Fixed Rates:
- BtL UK Landlord 5 Year Fixed Rate – 4.99%
- BtL Ltd Co 5 Year Fixed Rate – 5.24%
- Expat 2 Year Fixed Rate – 5.64%
Our full product range can be found here.
We have expanded the availability of two Special BtL products:
- BtL UK Landlord 5 Year Fixed Rate – 4.89%, with no application or product fee
- BtL Ltd Co 5 Year Fixed Rate – 4.99%, with no application fee
Both of these products above are subject to a maximum LTV of 60%, minimum loan of £100,000 and maximum loan of £600,000.
Does your client need a Standard, Expat, Ltd Co., or Offset Buy to Let mortgage?
We have a range of flexible solutions to suit their needs. Here’s how we can help:
- No minimum income
- No stress test on background properties held (only self-financing properties required)
- Max LTVs for BtL products: 70%
- We accept applications up to the age of 89
- Expat cases accepted from over 40 countries, plus more through agreed packagers
- We have a common-sense approach to lending and use real human beings to underwrite each mortgage case.
Buy to Let Offset mortgage
Our BtL Offset mortgage can help to maximise returns for your landlord clients, allowing any savings to be offset against the mortgage.
Landlords can choose between:
- Payment reduction – offsetting savings to lower monthly payments
- Balance reduction – monthly mortgage payments will remain the same, but offset savings go towards reducing the capital, reducing the mortgage balance faster. Balance reduction is not available for Interest-Only mortgages.
Either way, a BtL Offset mortgage can help to increase your clients’ net profit and ultimately increase their overall cashflow they receive from letting.
Find out just how flexible we can be
Semi-exclusive products
Did you know that on top of our standard range of products we have additional semi-exclusive products available via our packaging partners? Speak to your local Business Development Manager for more information.