Family Building Society has brought out a number of new five-year fixes, in the process replacing the “majority” of its discounted variable rate products.

For owner occupier borrowers, new choices include the lender’s ‘Core’ range five-year fixes from 5.54% and interest-only five-year fixes, at a maximum of 60% LTV, from 5.99%.

Meanwhile, joint mortgage sole owner five-year fixes now start at 5.64%, family mortgage five-year fixes start at 5.69%, and retirement interest-only at a maximum of 50% LTV begin at 5.99%.

Within the lender’s buy-to-let range (BTL, five-year fixes for landlords now start at 6.39% and, for limited company special purpose vehicles, at 6.54%.

Family BS director of business development Keith Barber says: “Following the uncertainty in financial markets since the 23 September mini-Budget, which saw the withdrawal of fixed rates from many lenders, I’m pleased to announce a new range of five-year fixed rate products for both owner occupier and BTL customers.

“While our previous range of discounted variable rate products have proved very popular, this new range provides a degree of certainty for many borrowers who may coming to the end of their existing fixed term loans and looking to fix their repayments for the foreseeable future.”