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

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

If you are interested in any of these products, or have any questions, please contact our New Business Team on 03330 140140. We can arrange for a mortgage illustration and application form to be sent out to you.

When you call us we will ask you some basic financial information and other questions about the property to ensure that the loan you are requesting is affordable and can be achieved based on our lending criteria. Please make sure that you have adequate privacy when disclosing this information to us.

Alternatively if you would like us to contact you at a time of your choice please complete the call back request form

Or you can send us an email to newbusiness@familybsoc.co.uk

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

DISCOUNTED VARIABLE RATE

Product
name
Initial interest rate Followed
by our MMR^, currently
The overall
cost for comparison
is
Minimum interest
rate payable
Max Loan to Value
(LTV)
Cost to transfer
to this
product*
Early Repayment Charges Further details
Interest-Only
3 year 1.65% discount 2.74% 4.39% 3.8% APRC 2.64% 60% and below Nil Yes Click here 
3 year 1.55% discount 2.84% 4.39% 3.8% APRC 2.74% Above 60% Nil Yes Click here
5 year 1.50% discount 2.89% 4.39% 3.5% APRC 2.79% 60% and below Nil Yes Click here
5 year 1.40% discount 2.99% 4.39% 3.6% APRC 2.89% Above 60% Nil Yes Click here

Representative example:
A mortgage of £93,691.00 payable over 7 years on a discounted variable rate for 3 years at 1.55% below our variable Managed Mortgage Rate and then on our variable Managed Mortgage Rate, currently 4.39%, would require 35 monthly payments of £221.74 and 49 monthly payments of £342.65, plus one initial interest payment of £225.91. 
The total amount payable would be £118,567.66 made up of the loan amount plus interest of £24,776.66 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 3.8% APRC representative.

 

FIXED RATES

Product
name
Initial interest rate Followed by our
MMR^, currently
The overall
cost for comparison
is
Minimum interest
rate payable
Max Loan to Value
(LTV)
Cost to transfer
to this product*
Early Repayment Charges Further details
Capital and Interest Repayment
2 year fixed rate until 31/10/2022 2.39% 4.39% 3.7% APRC No 60% and below Nil Yes Click here 
2 year fixed rate until 31/10/2022 2.49% 4.39% 3.8% APRC No Above 60% Nil Yes Click here
3 year fixed rate until 31/10/2023 2.44% 4.39% 3.4% APRC  No 60% and below Nil Yes  Click here 
3 year fixed rate until 31/10/2023 2.54% 4.39% 3.5% APRC No Above 60% Nil Yes Click here
5 year fixed rate until 30/11/2025 2.69% 4.39% 3.1% APRC No 60% and below Nil Yes Click here 
5 year fixed rate until 30/11/2025 2.79% 4.39% 3.2% APRC No Above 60% Nil Yes Click here

Representative example:
A mortgage of £54,371.00 payable over 11 years initially on a fixed rate for 2 years at 2.49% and then on our variable Managed Mortgage Rate, currently 4.39% for the remaining 9 years, would require 27 monthly payments of £471.31 and 105 monthly payments of £510.02, plus one initial interest payment of £114.91.
The total amount payable would be £66,492.38 made up of the loan amount plus interest of £12,021.38 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 3.8% APRC representative..

       
Product
name
Initial interest rate Followed by our MMR*, currently The overall cost for comparison
is
Minimum interest
rate payable
Max Loan to Value
(LTV)
Cost to transfer to this product* Early repayment charges Further details
Interest-Only
3 year fixed rate until 31/10/2023 2.94% 4.39% 4.0% APRC No 60% and below Nil        Yes  Click here 
3 year fixed rate until 31/10/2023 3.04% 4.39% 4.0% APRC No Above 60% Nil        Yes Click here

 

Representative example:
A mortgage of £78,020.00 payable over 10 years initially on a fixed rate for 3 years at 3.04% and then on our variable Managed Mortgage Rate, currently 4.39% for the remaining 7 years, would require 39 monthly payments of £197.65 and 81 monthly payments of £285.35, plus one initial interest payment of £201.41.
The total amount payable would be £109,143.11 made up of the loan amount plus interest of £31,023.11 and a Mortgage Exit Fee of £100. 
The overall cost for comparison is 4.0% APRC representative.


OFFSET MORTGAGE

Product
name
Initial interest
rate
Followed
by our
MFMR^^, currently
The overall
cost for comparison
is
Minimum interest
rate payable
Max Loan to Value
(LTV)
Cost to transfer
to this product*
Early Repayment Charges Further details
Capital and Interest Repayment
Offset Mortgage
2 Year 1.85% discounted rate
2.64% 4.49% 3.9% APRC 2.54% 60% and below Nil Yes Click here
Offset Mortgage 2 Year 1.75% discounted rate 2.74% 4.49% 4.0% APRC 2.64% Above 60% Nil Yes Click here

Representative example:
A mortgage of £82,204.00 payable over 10 years on a discounted variable rate for 2 years at 1.75% below our variable Managed Flexi Mortgage Rate and then on our variable Managed Flexi Mortgage Rate, currently 4.49%, would require 23 monthly payments of £783.94 and 97 monthly payments of £838.36, plus one initial interest payment of £191.22.
The total amount payable would be £99,642.76 made up of the loan amount plus interest of £17,338.76 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.0% APRC representative.


FAMILY MORTGAGE

Product
name
Initial interest rate Followed by our MMR^, currently The overall cost for comparison is Minimum interest rate payable Max Loan to Value 
(LTV)
Cost to transfer to this product*
Early Repayment Charges Further details
Capital and Interest Repayment
Family Mortgage 5 year fixed rate to 30/11/2025 2.99% 4.39% 4.0% APRC No 95% Nil Yes Click here
Representative example:
A mortgage of £30,317.00 payable over 29 years initially on a fixed rate for 5 years at 2.99% and then on our variable Managed Mortgage Rate, currently 4.39% for the remaining 24 years, would require 64 monthly payments of £130.38 and 284 monthly payments of £150.15, plus one initial interest payment of £76.97.
The total amount payable would be £51,288.89 made up of the loan amount plus interest of £20,746.89 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.0% APRC representative.

RETIREMENT INTEREST-ONLY MORTGAGE

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


The overall
cost for comparison
is
Minimum
interest
rate payable
Max Loan to Value
(LTV)
Cost to transfer
to this product*
Early
Repayment Charges
Further details
Discounted initial variable rate - Interest-Only

0.95% variable
discounted rate for term
3.44%
4.39%
3.5% APRC
3.34% 50% Nil Yes Click here

0.95% variable
discounted rate for term with flexible features+
3.54%
4.49%
3.6% APRC
3.44% 50% Nil 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 10 years at 0.95% below our variable Managed Flexi Mortgage Rate and then on our variable Managed Flexi Mortgage Rate, currently 4.49%, would require 119 monthly payments of £342.20 and 1 monthly payments of £433.44, plus one initial interest payment of £348.85.
The total amount payable would be £157,604.09 made up of the loan amount plus interest of £41,504.09 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 3.6% APRC representative.
 

Product name Initial interest rate Followed
by
our variable
MMR^, currently
The overall
cost for comparison
is
Minimum interest
rate payable
Max Loan to Value
(LTV)
Cost to transfer
to this product*
Early
Repayment Charges
Further details
Fixed initial rate - Interest-Only
5 year fixed rate to 30/11/2025** 3.39% 4.39% 3.9% APRC No 50% Nil 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 3.39% and then on our variable Managed Mortgage Rate, currently 4.39% for the remaining 5 years, would require 64 monthly payments of £327.70 and 56 monthly payments of £424.12, plus one initial interest payment of £334.03.
The total amount payable would be £161,157.55 made up of the loan amount plus interest of £45,057.55 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 3.9% APRC representative.

FAMILY FIRST GUARANTOR MORTGAGES


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

The overall
cost for comparison
is
Minimum interest
rate payable
Max Loan to Value
(LTV)
Cost to transfer
to this product*
Early Repayment Charges Further details
Capital and interest repayment
3 year fixed rate to 31/10/2023 3.09% 4.39% 4.1% APRC No 95% Nil Yes Click here

Only available to existing Family First borrowers.

Representative example:
A mortgage of £102,868.00 payable over 20 years initially on a fixed rate for 3 years at 3.09% and then on our variable Managed Mortgage Rate, currently 4.39% for the remaining 17 years, would require 39 monthly payments of £575.15 and 201 monthly payments of £633.85, plus one initial interest payment of £269.93.
The total amount payable would be £150,204.63 made up of the loan amount plus interest of £47,236.63 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 MMR^, currently The overall cost for comparison is

Minimum interest rate payable Max Loan to Value 
(LTV)
Cost to transfer to this product* Early Repayment Charges Further details
Interest-Only  
3 year fixed rate to 31/10/2023 3.09% 4.39% 4.2% APRC No 95% Nil Yes Click here

Only available to existing Family First borrowers.

Representative example:
A mortgage of £102,868.00 payable over 20 years initially on a fixed rate for 3 years at 3.09% and then on our variable Managed Mortgage Rate, currently 4.39% for the remaining 17 years, would require 39 monthly payments of £264.89 and 201 monthly payments of £376.23, plus one initial interest payment of £269.93.
The total amount payable would be £189,190.87 made up of the loan amount plus interest of £86,222.87 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 4.2% 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. 

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