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.
Important information on our mortgage products
On Wednesday 19 April 2023, we’ll be making a number of changes to our mortgage product range, including the withdrawal and replacement of most of our fixed rate products and some of our discount rate products.
We will accept applications for all on sale products through our Mortgage Hub, or by paper, up to and including 5pm on Wednesday 19 April 2023. This means that any paper applications will need to be fully completed and sent to us ahead of this deadline in order to be received in time.
Full details of the new product range will be announced on Wednesday 19 April 2023.
We have a team of BDMs ready, willing, and able to answer any of your queries and guide you through the application process. If you don’t have a BDM in your area, you can contact our dedicated Mortgage Desk.
Mortgage Product Changes and Semi Exclusives
Today Wednesday 19th April, we will be making a number of changes across our mortgage product range.
Owner Occupier
Fixed Rates:
- All 2 year fixed rates will be withdrawn without replacement. We’ve had minimal interest in these products (from both new and existing customers) since launching these back on sale in late February
- Rate reductions across the vast majority of our 5 year fixed rates:
- 0.20% reduction for all Repayment products
- 0.10% reduction for some Interest Only products
Discount Rates:
- We’re increasing rates across the majority of our Interest Only 2 year discount products, as the cost of funding these products has increased.
- 0.20% increase to our 60% LTV Core & JMSO discount rates
- 0.30% increase to our 80% LTV Core & JMSO discount rates
- 0.10% increase to 80% LTV Expat discount rate
No changes are being made to OO RP discount rates, any product fees or product availability.
Buy to Let
Fixed Rates:
- Rate reductions across all 5 year fixed rates – 0.20% reduction for UK Landlord products, 0.30% for Ltd Comp SPV & 0.45% for Semi-Exclusive Expat
- Product fee for our Semi-Exclusive Expat 5 Year Fixed reduced from 1.50% to 1.00% (min £1k)
- Expat 5 year Fixed Rate available to all intermediaries (currently priced 0.20% higher than semi-exclusive equivalent) will be withdrawn without replacement
Discount Rates:
- 0.25% reduction to Expat 2 year discount rate
No changes are being made to other discounted variable rates, any other product fees or product availability.
Timings:
- We will launch the new products on Wednesday 19th April
- The deadline for any withdrawn products will be 5pm Wednesday 19th April