Family Building Society has launched a range of reduced-price fixed-rate products and reintroduced its lower loan-to-value (LTV) price tier products across the owner-occupier range.
The lender has also reduced its 2- and 5-year fixed-rate buy-to-let (BTL) range by 25bps and 15bps respectively.
In addition, Family Building Society has reduced fixed rates for existing customers seeking product switches and further advances.
Owner-occupier 2-year capital and interest products, as well as core 2- and 5-year interest-only products, have been reduced. Buy-to-let products have also been cut by up to 25bps.
Darren Deacon, head of intermediary sales at Family Building Society, said: “Although it’s anybody’s guess how long the fragile cease fire will last, the relative stability in the Gulf has been reflected in market sentiment allowing us to be able to make these rate reductions and to reintroduce pricing for lower LTVs.
“We completely understand the frustration that our intermediary parters are experiencing right now, but I’m hopeful that this new expanded and reduced rate product set will provide some welcome good news to borrowers and those looking to remortgage.”