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.
New Fixed Rate Mortgage products
Following the withdrawal of our fixed rates from new business applications , we have launched a temporarily condensed set of fixed rates.
The new product set has launched Friday 13 March.
- The condensed range of products is primarily 2 Year Fixed Rates (except for our Family Mortgage and RIO, which are 5-year rates)
- This range does not include any ‘max 60% LTV’ product variants, which we typically offer across our Owner Occupier range. We will look to put these back on sale, along with the rest of our usual 5-year rates, once markets have settled
The fixed rate products (which we withdrew from new business yesterday, that remain available to existing customers), will no longer be available for our existing customers once this new product set launches on sale, including 5 year fixed rates. Existing customers will be able to pick from the relevant products from the new range.
This range is only intended to be a temporary measure, and we will return with the full product set as soon as we can.
Important information about our mortgage products
From today, Friday 13 March, we’ve launched a new range of fixed rate products, across both our Owner Occupier and Buy to Let offerings, with options available for new and existing customers.
In response to the current volatility across financial markets, our new range of fixed rates is more condensed than usual. We aim to return with our full range of fixed rates as soon as possible.
Please note, our existing customers will now need to select products from the new on-sale range. The fixed rates that we withdrew on Tuesday 10 March, which remained available for existing customers, have now been fully withdrawn and are no longer available for further advances and product switches.
Further details of our product changes are below:
Owner Occupier Fixed Rates
Repayment
Available to new and existing customers.
*Additional security required. Minimum LTV 80%.
Interest-Only
Available to new and existing customers.
Buy to Let Fixed Rates
New Business
Existing Borrower
Buy to Let HMO
Available to new and existing customers.
Managed Mortgage Rates
Please note that our Managed Mortgage Rates are not changing at this time.
Semi-exclusive products
On top of our standard range of products we have an additional semi-exclusive product available via our packaging partners.