Family BS New Product and Product Changes from 3rd August

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Family Building Society logoNEW PRODUCTS AND PRODUCT CHANGES LAUNCHING ON THURSDAY, 3RD AUGUST

 Owner Occupier: Capital & Interest Repayment – RE-LAUNCH – Currently no products on sale

Fixed Rates:

 We withdrew our 5 year fixed rate repayment products from sale to new business on 30/06.

 On 3rd August We will be launching 5 year fixed rates back on sale for purchase and remortgage

  • All rates will also increase by 60bps from previously on sale products.

 Discount Rates (including Offset):

  • All to increase by 50bps
  • Floor (minimum) rates will be set 2.00% below their initial pay-rate

Owner Occupier: Interest-Only

 Fixed Rates:

  • Products available up to 60% LTV will increase by 55bps
  • Products available up to 80% LTV will increase by 70bps

 Discount Rates:

  • Products available up to 60% LTV will increase by 50bps
  • Products available up to 80% LTV will increase by 65bps
  • Floor rates for these new products will also be set at 2.00% below their initial pay-rate

Buy to Let

 The following changes apply to all of our UK Landlord, Limited Company SPV & Expat BTL products:

Fixed Rates:

  • All to increase by 60bps

 Discount Rates (including Offset):

  • All to increase by 50bps
  • Floor rates will be set 2.00% below their initial pay-rate