Family Building Society launch semi-exclusive products
Family Building Society has released a range of semi-exclusive mortgage and buy to let products that are available through a select few distributors – and Ingard are ecstatic to be one of them!
Semi-Exclusive Buy to Let Products
The lender is allowing Ingard to stress test their 5 year fixed buy to let products at pay rate, rather than their current stress test of 5.54%. For example, a new purchase a £100,000 loan will only require rent of £440 rather than the current £670, through these semi-exclusive 5 year deals!
- 5 year fixed rates from 3.44% up to 70% LTV with a £1499 product fee
- 5 year fixed rates from 3.64% up to 70% LTV with a £249 product fee
- Loans from £45k – £500k
- Purchase and remortgage
- Repayment and interest only
- These products are available to limited companies and expats, a slighty higher product fee will apply
If you are struggling with affordability, then speak to our Specialist Team to find out whether your client will qualify for these new products.
Semi-Exclusive Mortgage Products
Family Building Society have launched two fixed rate interest only mortgage products which offer excellent low rates for customers who are looking for large loans up to £3m.
- 2 year fixed rates at 2.99% up to 80% LTV with a £999 product fee
- 5 year fixed rates at 3.49% up to 80% LTV with a £1,499 product fee
- Loans from £250k – £3m
- Purchase and remortgage
- Interest only
For more information about the new semi-exclusive products, call Ingard’s Specialist Team on 01702 538 800 or arrange a call back.
Ingard is an approved packager of Family Building Society’s products. This means you provide the advice and deal with the client and Ingard’s Specialist Team will package the case to the lender on your behalf, earning you an enhanced commission payment and providing you with access to this semi-exclusive range.