Family BS announce rate increase on BTL products

Family Building Society has announced that it has made a number of changes to its mortgage range, including the withdrawal of a 3-year fixed BTL product.

Related topics:  Landlords
Warren Lewis
5th November 2018
to let 721

According to the lender, all owner occupier fixed rate products in its range have been withdrawn and replaced with products carrying an increase of up to 0.20%, with rates on the 3- and 5-year Family Mortgage product increased by 0.10%. End dates for both have been extended by 3 months.

Its 3-year fixed rate buy-to-let mortgage product has been withdrawn and replaced with a 0.30% rate increase, also with an extended end date of 3 months.

The society says it will accept applications for withdrawn products up to and including 9 November.

As well as the raft of rate changes, Family BS have also added free valuations for property values up to £500k, and given clients the option to nominate their own solicitors when remortgaging.

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