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.
Changes to our mortgage products
From today, Thursday 22 June, we have launched a new set of fixed rate mortgage products (in replacement of those withdrawn last week), as well as withdrawn/replaced all of our discounted variable rates. We are also announcing increases to our Managed Mortgage Rates, which will take effect in July.
Owner Occupier products
Fixed Rates:
- Core range repayment products – five year fixed rates now start from 5.44%
- JMSO repayment products – five year fixed rates now start from 5.54%
- Core range Interest-Only products – five year fixed rates now start from 6.14%
Discounted Variable Rates:
- Offset repayment products – two year discounted rates now start from 5.69%
- Core range Interest-Only products – two year discounted rates now start from 5.69%
- JMSO Interest-Only products – two year discounted rates now start from 5.99%
Buy to Let products
Fixed Rates:
- UK Landlords – five year fixed rates now start from 6.14%
- Limited Company SPVs – five year fixed rates now start from 6.24%
We have introduced a new five year fixed rate for Expat applications:
- Available up to 70% LTV on an Interest-Only basis, at 6.49% with a 1% product fee (subject to a minimum of £1,000)
Discounted Variable Rates:
- UK Landlords – two year discounted rates now start from 5.89%
- Limited Company SPVs – two year discounted rates now start from 6.19%
- Expats – two year discounted rates now start from 6.24%
- Offsets – two year discounted rates now start from 6.34%
Our Managed Mortgage Rates are increasing:
From 12 July 2023, our Managed Mortgage Rates will be increasing by 0.50%. This means all our on-sale discounted variable rate products will be increasing by 0.50% on the same date.
Our on-sale discounted variable rate product details, and all representative examples displayed on our website, have been updated today (to reflect the upcoming 0.50% increase).
The deadline for receipt of applications for all withdrawn discounted rate mortgage products is:
- 5pm tomorrow, 23 June through our Mortgage Hub or by paper.
Semi-exclusive products
On top of our standard range of products we have additional semi-exclusive products available via our packaging partners. For further information, speak to your local BDM.
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.