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.
Semi Exclusive rates!
We are pleased to announce that as promised we have launched our new fixed rates today, including your latest set of semi-exclusives giving you access to preferential rates(direct or through your local packager). Please see the attached for details.
All products and new rates are here;
Products (familybuildingsociety.co.uk)
Owner Occupier: Capital & Interest Repayment
Fixed Rates:
- 50bps reductions to all 2-year fixed rates
- 40bps reductions to Core and JBSP 5-year fixed rates. 45bps reduction to the Family Mortgage
- Introduction of 3-year fixed rate exclusive products for Tyler Mortgage Management
Discount Rates:
- With the exception of the Offset Mortgage products, all discounted variable rates withdrawn from sale without replacement
- Offset products unchanged
Owner Occupier: Interest-Only
Fixed Rates:
- 50bps reductions to all 2-year fixed rates
- 40bps reductions to all 5-year fixed rates
Discount Rates:
- Core discounted variable rate products withdrawn from sale without replacement. The implication of this is that Core Interest-Only >60% LTV can now only be accessed by Key Accounts, Packagers, or Directly, and on fixed rate products (this is intentional, to further restrict avenues for high-LTV interest-only)
- JBSP, Expat and SPF Offset products unchanged
Buy to Let
Fixed Rates:
- 2-year fixed rate options launched for UK Landlords, Limited Company SPV and Expat borrowers
- UK Landlord 5-year fixed rates reduced by 55bps
- Limited Company 5-year fixed rates reduced by 40bps. The Product Fee is also reduced from 2.00% to 1.00% (minimum £1,000).
- Semi-Exclusive Expat 5-year fixed products reduced. 60% version reduced by 50bps, 70% by 45bps
- Generally available Expat 5-year fixed rate reduced by 50bps
Discount Rates:
- With the exception of the Offset Mortgage products, all discounted variable rates withdrawn from sale without replacement
- BTL Offset products reduced by 35bps