For owner-occupier mortgages, all products which previously had a maximum LTV of 75% have increased to 80% LTV, and the 3-year discounted product rate has reduced to 2.69%.

For BTL, UK landlord and expat products which previously had a maximum LTV of 65% have had this increased to a maximum 70% LTV.

The 3-year discount rate for landlords has been reduced by 0.20% to 2.69%, while the 3-year discount product for expats has been reduced by 0.40% to 3.59%.

Keith Barber, director of business development at Family Building Society, said “These changes further enhance our market position and respond to the need for higher LTVs in the current buoyant market.

“I believe the rate reductions and increase in LTVs to our buy-to-let products will be of interest to portfolio landlords where our flexibility and experience in this area allows us to offer solutions where other lenders may not, particularly as some have taken the decision to leave the market.”