The Family Building Society are delighted to let you know that on Wednesday 19th April, they we will be making a number of changes across our mortgage product range.
The key changes are as follows:
Owner Occupier
Fixed Rates:
- All 2 year fixed rates will be withdrawn without replacement.
- Rate reductions across the vast majority of our 5 year fixed rates:
- 0.20% reduction for all Repayment products
- 0.10% reduction for some Interest Only products
Discount Rates:
- We’re increasing rates across the majority of our Interest Only 2 year discount products.
- 0.20% increase to our 60% LTV Core & JMSO discount rates
- 0.30% increase to our 80% LTV Core & JMSO discount rates
- 0.10% increase to 80% LTV Expat discount rate
No changes are being made to OO RP discount rates, any product fees or product availability.
Buy to Let
Fixed Rates:
- Rate reductions across all 5 year fixed rates – 0.20% reduction for UK Landlord products, 0.30% for Ltd Comp SPV & 0.45% for Semi Exclusive EXPAT rates.
- Product fee for our Semi-Exclusive Expat 5 Year Fixed reduced from 1.50% to 1.00% (min £1k)
- Expat 5 year Fixed Rate available to all intermediaries will be withdrawn without replacement
Discount Rates:
- 0.25% reduction to Expat 2 year discount rate
No changes are being made to other discounted variable rates, any other product fees or product availability.
We will not be making changes to MMR / reversionary rates at this time
Timings:
- We will launch the new products on Wednesday 19th April
- The deadline for any withdrawn products will be 5pm Wednesday 19th April