“These reductions will be welcome news for our intermediary partners who have clients seeking the stability of a fixed interest only product,” said Darren Deacon (pictured left), head of intermediary sales at Family Building Society.
“Likewise, landlords will now benefit from a choice of significantly reduced limited company products as well as additional reductions for expat landlords, which further demonstrates our commitment to the buy-to-let market.”
Furthermore, Family Building Society has reintroduced a three-year interest-only owner-occupier discounted variable rate product with 60% and 80% loan-to-value (LTV) options available for purchase, remortgage, further advance, and product switch.
Meanwhile, Suffolk Building Society has extended its maximum loan size from £1 million to £2 million across all standard residential and expat residential capital and interest (C&I) products up to 80% LTV.
The change, which replaces the two specific large loan mortgage products introduced earlier this year, affects products including the 80% LTV residential two-year discount C&I, two-year fixed C&I, five-year fixed C&I, and similar products for expats.
