More in this section

Here you will find a summary of our current owner occupier products for existing borrowers.

Please call us on 03330 140140 to arrange an appointment should you be in a position to apply or require advice, alternatively our customer representative may be able to answer any queries you might have. We're open Monday to Friday: 8am - 5.30pm and Saturday: 9am - 12pm.

Go to Discounted Variable Rate Mortgages  
Go to Fixed Rate Mortgages
Go to Offset Mortgage
Go to Base Rate Tracker Mortgages

DISCOUNTED VARIABLE RATE

Product name Initial interest rate
Followed 
by our MMR^, currently
The overall 
cost for comparison 
is
Minimum interest 
rate payable
Interest calculated
Cost to transfer 
to this 
product*
Early
Repayment Charges
Further details
Capital and Interest Repayment
3 year 2.40% discount 2.64% 5.04% 3.7% APRC 2.19% Monthly Nil Yes Click here
5 year 2.25% discount 2.79% 5.04% 3.4% APRC 2.34% Monthly Nil Yes Click here

Representative example:
A mortgage of £79,987.00 payable over 8 years on a discounted variable rate for 3 years at 2.40% below our variable Managed Mortgage Rate and then on our variable Managed Mortgage Rate, currently 5.04%, would require 35 monthly payments of £925.19 and 61 monthly payments of £980.79, plus one initial interest payment of £179.74.
The total amount payable would be £92,489.58 made up of the loan amount plus interest of £12,402.58 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 3.7% APRC representative.

Product
name
Initial interest rate Followed
by our MMR^, currently
The overall
cost for comparison
is
Minimum interest
rate payable
Interest calculated Cost to transfer
to this
product*
Early Repayment Charges Further details
Interest-Only
3 year 1.90% discount 3.14% 5.04% 4.4% APRC 2.69% Monthly Nil Yes Click here
5 year 1.75% discount 3.29% 5.04% 4.2% APRC 2.84% Monthly Nil Yes Click here

Representative example:
A mortgage of £79,987.00 payable over 8 years initially on a discounted variable rate for 3 years at 1.90% below our variable Managed Mortgage Rate, and then on our variable Managed Mortgage Rate, currently 5.04%, would require 35 monthly payments of £209.30 and 61 monthly payments of £335.48, plus one initial interest payment of £213.86.
The total amount payable would be £108,112.60 made up of the loan amount plus interest of £28,025.60 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.4% APRC representative.

FIXED RATES

Product
name
Initial interest rate Followed by our
MMR^, currently
The overall
cost for comparison
is
Minimum interest
rate payable
Interest calculated Cost to transfer
to this product*
Early Repayment Charges Further details
Capital and Interest Repayment
2 year fixed rate until 30/11/2021 2.69% 5.04% 4.3% APRC No Monthly Nil Yes Click here
3 year fixed rate until 30/11/2022 2.99% 5.04% 3.9% APRC No Monthly Nil Yes Click here
5 year fixed rate until 31/10/2024 3.19% 5.04% 3.7% APRC No Monthly Nil Yes Click here

Representative example:
A mortgage of £56,051.00 payable over 11 years initially on a fixed rate for 2 years at 2.69% and then on our variable Managed Mortgage Rate, currently 5.04%, for the remaining 9 years would require 27 monthly payments of £491.04 and 105 monthly payments of £541.04 plus one initial interest payment of £128.34.
The total amount payable would be £70,295.08 made up of the loan amount plus interest of £14,144.08 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.3% APRC representative.

Product
name
Initial interest rate Followed
by our MMR^,
currently
The overall
cost for comparison
is
Minimum interest
rate payable
Interest calculated Cost to transfer
to this product*
Early Repayment Charges Further details
Interest-Only
3 year fixed rate until 30/11/2022 3.69% 5.04% 4.6% APRC No Monthly Nil Yes Click here

Representative example:
A mortgage of £70,767.00 payable over 9 years initially on a fixed rate for 3 years at 3.69% and then on our variable Managed Mortgage Rate, currently 5.04%, for the remaining 6 years would require 39 monthly payments of £217.61 and 69 monthly payments of £297.09, plus one initial interest payment of £222.45.
The total amount payable would be £100,075.45 made up of the loan amount plus interest of £29,208.45 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.6% APRC representative.


OFFSET MORTGAGE

Product
name
Initial interest
rate
Followed
by our
MFMR^^, currently
The overall
cost for comparison
is
Minimum interest
rate payable
Interest calculated Cost to transfer
to this product*
Early Repayment Charges Further details
Capital and Interest Repayment
Offset Mortgage
2 Year 2.50%  discounted rate
2.64% 5.14% 4.3% APRC 2.19% Monthly Nil Yes Click here
Offset Mortgage 5 Year 2.00% discounted rate 3.14% 5.14% 3.7% APRC 2.69% Monthly Nil Yes Click here

Representative example: 
A mortgage of £46,888.00 payable over 9 years on a discounted variable rate for 2 years at 2.50% below our variable Managed Flexi Mortgage Rate and then on our variable Managed Flexi Mortgage Rate, currently 5.14%, would require 23 monthly payments of £488.24 and 85 monthly payments of £531.31, plus one initial interest payment of £105.36.
The total amount payable would be £56,596.23 made up of the loan amount plus interest of £9,608.23 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.3% APRC representative.

 

FAMILY MORTGAGE

Product
name 
Initial interest rate Followed by our MMR^, currently The overall cost for comparison is Minimum interest rate payable Interest calculated Cost to transfer to this product*
Early Repayment Charges Further details 
Capital and Interest Repayment
Family Mortgage 3 year fixed rate to 31/08/2022  2.99% 5.04% 4.6% APRC No Monthly Nil Yes Click here
Family Mortgage 5 year fixed rate to 31/08/2024  3.09% 5.04% 3.7% APRC No Monthly Nil Yes Click here
Representative example:
A mortgage of £239,969.00 payable over 26 years initially on a fixed rate for 3 years at 2.99% and then on our variable Managed Mortgage Rate, currently 5.04%, for the remaining 23 years would require 36 monthly payments of £1,107.35 and 276 monthly payments of £1,352.21, plus one initial interest payment of £610.89.
The total amount payable would be £413,785.45 made up of the loan amount plus interest of £173,716.45 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.6% APRC representative. 

 

RETIREMENT INTEREST-ONLY MORTGAGE

Product 
name
 
Initial interest
rate
Followed 
by
 our variable
MFMR^, currently
 

The overall 
cost for comparison 
is
Minimum
interest
rate payable
Interest calculated 
Cost to transfer 
to this product*
 
Early
Repayment Charges
 
Further details
Discounted initial variable rate - Interest-Only

1.20% variable
discounted rate for term
3.84%
5.04%
4.0% APRC
3.64% Monthly
£0 Yes Click here

1.20% variable
discounted rate for term with flexible features+
3.94%
5.14%
4.1% APRC
3.74% Monthly
£0 Yes
Click here

+This product allows overpayments, underpayments, payment holidays and borrow back facility.
Only available if you are 65 or over. Mortgage advice required prior to taking out a Retirement Interest-Only mortgage. No fixed term end date. Maximum LTV of 50%. Registered Contact required. "

Representative example: 

A mortgage of £116,000.00 payable over 10 years on a discounted variable rate for term at 1.20% below our variable Managed Flexi Mortgage Rate, currently 5.14%, would require 119 monthly payments of £380.87, plus one initial interest payment of £389.43.
The total amount payable would be £278,309.02 made up of the loan amount plus interest of £162,209.02 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.1% APRC representative.                                                                               

Product name  Initial interest rate  Followed 
by
 our variable
MFMR^, currently
  
The overall 
cost for comparison 
is
Minimum interest
rate payable
Interest calculated 
Cost to transfer 
to this product* 
Early 
Repayment Charges
Further details
Fixed initial rate - Interest-Only
           
5 year fixed rate to 31/07/2024** 3.69% 5.04% 4.4% APRC No Monthly £0 Yes Click here

**10% overpayments per year allowed Early Repayment Charge free. Only available if you are 65 or over. Mortgage advice required prior to taking out a Retirement Interest-Only mortgage. No fixed term end date. Maximum LTV of 50%. Registered Contact required.

Representative example:
A mortgage of £116,000.00 payable over 10 years initially on a fixed rate for 5 years at 3.69% and then on our variable Managed Mortgage Rate, currently 5.04%, for the remaining 5 years would require 62 monthly payments of £356.70 and 58 monthly payments of £486.91, plus one initial interest payment of £364.64.
The total amount payable would be £166,820.82 made up of the loan amount plus interest of £50,720.82 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.4% APRC representative.

Please note: All our Retirement Interest-Only products are only available for direct enquiries and through limited Intermediary firms. For Intermediary enquiries, please call your Business Development Manager.


FAMILY FIRST GUARANTOR MORTGAGES


Click here
Product name Initial interest rate  Followed by our MMR^,
currently

The overall 
cost for comparison 
is 
Minimum interest
rate payable 
Interest calculated 
Cost to transfer 
to this product* 
Early Repayment Charges  Further details 
Capital and interest repayment            
3 year fixed rate to 31/08/20122 3.09% 5.04% 4.7% APRC No Monthly £0 Yes Click here

Only available to existing Family First borrowers.

Representative example:
A mortgage of £129,469.00 payable over 26 years initially on a fixed rate for 3 years at 3.09% and then on our variable Managed Mortgage Rate, currently 5.04% for the remaining 23 years, would require 36 monthly payments of £604.25 and 276 monthly payments of £730.36, plus one initial interest payment of £340.64.
The total amount payable would be £223,773.00 made up of the loan amount plus interest of £94,204.00 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.7% APRC representative.

Product name  Initial interest rate Followed by our MMR^, currently The overall cost for comparison is

Minimum interest rate payable  Cost to transfer to this product*  Early Repayment Charges  Further details
Interest-Only            
3 year fixed rate to 31/08/2022 3.09% 5.04% 4.8% No £0 Yes Click here

Only available to existing Family First borrowers.

Representative example:
A mortgage of £129,469.00 payable over 26 years initially on a fixed rate for 3 years at 3.09% and then on our variable Managed Mortgage Rate, currently 5.04% for the remaining 23 years, would require 36 monthly payments of £333.38 and 276 monthly payments of £543.63, plus one initial interest payment of £340.64.
The total amount payable would be £291,953.20 made up of the loan amount plus interest of £162,384.20 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.8% APRC representative.


BASE RATE TRACKER MORTGAGES

Product 
name
Initial interest rate

Followed
by
our variable
MFMR
^^,
currently                         

The overall 
cost for comparison 
is
Minimum interest
rate payable
Interest calculated
Cost to transfer 
to this product*
Early Repayment Charges Further details
Capital and Interest Repayment
BRT +1.99% for 3 years 2.74% 5.04% 3.9% APRC 2.29% Monthly Nil Yes Click here

Representative example: 
A mortgage of £190,904.00 payable over 9 years on our tracker rate for 3 years at 1.99% above the Bank of England Bank Rate and then on our variable Managed Mortgage Rate, currently 5.04% for the remaining 6 years, would require 35 monthly payments of £1,996.53 and 73 monthly payments of £2,134.12, plus one initial interest payment of £445.26. The total amount payable would be £226,214.57 made up of the loan amount plus interest of £35,210.57 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 3.9% APRC representative.

Product
name
Initial interest rate Followed
by our variable MFMR^^,
currently
The overall
cost for comparison
is
Minimum interest
rate payable
Interest calculated Cost to transfer
to this product*
Early Repayment Charges Further details
Interest Only
BRT +2.49% for 3 years 3.24% 5.04% 4.5% APRC 2.79% Monthly Nil Yes Click here

 Representative example: 
A mortgage of £190,904.00 payable over 9 years on our tracker rate for 3 years at 2.49% above the Bank of England Bank Rate and then on our variable Managed Mortgage Rate, currently 5.04%, would require 35 monthly payments of £515.44 and 73 monthly payments of £801.53, plus one initial interest payment of £526.73.
The total amount payable would be £268,082.82 made up of the loan amount plus interest of £77,078.82 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.5% APRC representative.


What is a representative example?

This is an illustration of a typical mortgage and its total cost.

FOOTNOTES

^ MMR stands for our variable Managed Mortgage Rate.
^^ MFMR stands for our variable Managed Flexi Mortgage Rate.

* Please note the cost to transfer fee is not fixed on loans exceeding £1 million. In this instance final costs will be outlined in a personal illustration.

THE MORTGAGE WILL BE SECURED ON YOUR HOME
YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Family Building Society
Ebbisham House
30 Church Street
Epsom
Surrey KT17 4NL
Follow Us