The Family Building Society – Incoming Rate REDUCTIONS and LTV increases today!

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The Family Building Society are decreasing rates on some of their selected product lines AND increasing our LTV’s.

If you have any questions/queries/cases you would like to discuss in readiness for this launch please do not hesitate to get in touch.

The agreed changes are as follows:

Owner Occupier Repayment:

  • Increase the maximum LTV of all products which are currently max. 75%, to 80%
  • No changes to rate

Owner Occupier Interest-Only:

  • Increase the maximum LTV of all products which are currently max. 75%, to 80%
  • The following changes to rates also take effect:

Buy to Let:

  • Increase the maximum LTV of all products which are currently max. 65%, to 70%. This includes both semi-exclusives and generally on-sale products
  • The following changes to rate also take effect:

Notes:

  • Fixed end dates are unchanged
  • Completion deadline for on-sale products remains unchanged
  • Products which are subject to an increase in their maximum LTV only will not have a new product code, and the current codes remain in place where no change to rate is being implemented

Timings:

They will be implementing the changes today.

Applications on the withdrawn products can be accepted until Friday 19th November.