Family Building Society has cut its fixed-rate five-year landlord offer by up to 30 basis points and boosted its features.

Its five-year UK Landlord buy-to-let product now starts at 4.59%.

Features include:

• Maximum loan to value now 65% –previously 60%
• Minimum loan now £45,000 — previously £100,000
• Maximum loan now £750,000 — previously £600,000
• No application or product fee
• Free Valuation up to £500,000, discounted thereafter
• £500 cash back for remortgages
• Family Building Society head of intermediary sales Darren Deacon says: “This competitive five-year fixed rate product will be a welcome boost to those landlords looking for financial certainty over the medium term.”

The mutual has also withdrawn its 60% LTV limited company five-year fixed-rate product.