The latest update from Family Building Society can be found here. Remember, we are able to package on a fees free basis for Family Building Society and also offer support to brokers who wish to deal directly via our mortgage club. Further details are available across our website. Full details of product range here.
Minimum property value now from £75,000
From today, Wednesday 29 April, we’re lowering the minimum property value across both our Owner Occupier and Buy to Let products.
Minimum property value: now from £75,000*
(*Minimum property values vary by product)
Reduced from £120,000, this change gives your clients more choice, supporting buyers and landlords purchasing lower value properties, particularly in areas where property prices typically fall below £120,000.
Updated criteria
Standard Owner Occupier & Buy to Let (BTL):
- Minimum property value: £75,000 (was £120,000)
- Minimum loan amount: £45,000 (no change).
Family Mortgage:
- Minimum property value: £75,000 (was £120,000)
- Minimum loan amount: £60,000 (was £96,000).
Find out more about our Family Mortgage
RIO (Retirement Interest-Only):
- Minimum property value: £90,000 (was £120,000)
- Minimum loan amount: £45,000 (no change).