Family BS – Semi Exclusive NEW LTD CO BTL – EXPAT products

Family Building Society logoIn case you missed it, we’ve reduces selected rates across our product range and, after a lot of feedback from you, the intermediary market, we are launching a NEW product for ExPAT’s who wish to buy or remo their BTL within an SPV!

PRICING CHANGES:

 OO Repayment

  • 2 year fix down 10bps
  • No change to 5 year

Owner Occupier Fixed Rates

Repayment 
Core range:

  • 2 and 3 Year Fixed Rates have decreased by 0.10%
  • 5 Year Fixed Rates are unchanged.

Joint Borrower Sole Proprietor (JBSP):

  • 2 Year Fixed Rates have decreased by 0.10%
  • 5 Year Fixed Rates are unchanged
  • There’s still no Application Fee for these products.

NEW: Buy to Let Expat Limited Company

We have launched 2 and 5 Year Fixed Rate products for sale to Buy to Let Limited Company landlords, who are registered as companies in the UK, who have Expat Shareholders and/or directors in one of our acceptable countries.

  • Available for Purchase and Remortgage
  • Available up to 75% LTV
  • Assessed against minimum 125% ICR
  • Remortgages have a free valuation up to £500k property value, discounted valuation over £500k
  • 5 Year Fixed comes with £500 cashback for Remortgages
  • Available on a Repayment or Interest-Only basis
  • Our usual Limited Company and Expat criteria applies
  • Companies to be Special Purpose Vehicles (SPVs) registered in the UK under SIC code 68100, 68209 or 68320
  • Shareholders and/or directors to be UK passport holders who are expats in one of our acceptable countries.

Managed Mortgage Rates and Discounted Variable Rates
Our Managed Mortgage Rates will reduce by 0.25% from 1 October.

This means:

  • Pay rates for our Discounted Variable Rates will also drop by 0.25% on this date
  • We’ve updated our website and product literature to reflect this change from 30 September, a day ahead of the changes.

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.

Semi-Exclusive Product Sheet