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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 2.39% 4.79% 3.3% APRC 2.19% Monthly Nil Yes Click here
5 year 2.25% discount 2.54% 4.79% 3.2% APRC 2.34% Monthly Nil Yes Click here

Representative example:
A mortgage of £62,771.00 payable over 7 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 4.79%, would require 35 monthly payments of £812.27 and 49 monthly payments of £851.40, plus one initial interest payment of £127.67.
The total amount payable would be £70,375.72 made up of the loan amount plus interest of £7,504.72 and a mortgage exit fee of £100.
The overall cost for comparison is 3.3% 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 1.90% discount 2.89% 4.79% 4.1% APRC 2.69% Monthly Nil Yes Click here
5 year 1.75% discount 3.04% 4.79% 4.0% APRC 2.84% Monthly Nil Yes Click here

Representative example:
A mortgage of £62,771.00 payable over 7 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 4.79%, would require 35 monthly payments of £151.17 and 49 monthly payments of £250.49, plus one initial interest payment of £154.44.
The total amount payable would be £80,590.40 made up of the loan amount plus interest of £17,719.40 and a mortgage exit fee of £100.
The overall cost for comparison is 4.1% 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 28/02/2021 2.49% 4.79% 3.9% APRC No Monthly Nil Yes Click here
3 year fixed rate until 31/01/2022 2.79% 4.79% 3.5% APRC No Monthly Nil Yes Click here
5 year fixed rate until 31/01/2024 2.99% 4.79% 3.5% APRC No Monthly Nil Yes Click here

Representative example:
A mortgage of £58,469.00 payable over 11 years initially on a fixed rate for 2 years at 2.49% and then on our variable Managed Mortgage Rate, currently 4.79%, for the remaining 9 years would require 30 monthly payments of £506.83 and 102 monthly payments of £556.00 plus one initial interest payment of £123.90.
The total amount payable would be £72,140.80 made up of the loan amount plus interest of £13,571.80 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 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 31/01/2022 3.29% 4.79% 4.2% APRC No Monthly Nil Yes Click here

Representative example:
A mortgage of £64,977.00 payable over 8 years initially on a fixed rate for 3 years at 3.29% and then on our variable Managed Mortgage Rate, currently 4.79%, for the remaining 5 years would require 41 monthly payments of £178.15 and 55 monthly payments of £259.30, plus one initial interest payment of £182.05.
The total amount payable would be £86,824.70 made up of the loan amount plus interest of £21,747.70 and a mortgage exit fee of £100.
The overall cost for comparison is 4.2% 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
2.39% 4.89% 4.4% APRC 2.19% Monthly Nil Yes Click here
Offset Mortgage 5 Year 2.00% discounted rate 2.89% 4.89% 3.3% APRC 2.69% Monthly Nil Yes Click here

Representative example:
A mortgage of £160,000.00 payable over 15 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 4.89%, would require 23 monthly payments of £1,058.60 and 157 monthly payments of £1,230.96, plus one initial interest payment of £325.42.
The total amount payable would be £218,033.94 made up of the loan amount plus interest of £57,933.94 and a mortgage exit fee of £100.
The overall cost for comparison is 4.4% 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 30/11/2021  2.89% 4.79% 4.5% APRC No Monthly Nil Yes Click here
Family Mortgage 5 year fixed rate to 30/11/2023  2.99% 4.79% 4.3% APRC No Monthly Nil Yes Click here
Representative example:
A mortgage of £212,800.00 payable over 35 years initially on a fixed rate for 3 years at 2.89% and then on our variable Managed Mortgage Rate, currently 4.79%, for the remaining 32 years would require 39 monthly payments of £805.95 and 381 monthly payments of £1,026.18, plus one initial interest payment of £523.56.
The total amount payable would be £423,030.19 made up of the loan amount plus interest of £210,130.19 and a mortgage exit fee of £100. 
The overall cost for comparison is 4.5% APRC representative. 

 

BASE RATE TRACKER MORTGAGES

Product 
name
Initial interest rate
Followed
by
our variable
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
BRT +1.99% for 3 years 2.49%* 4.79% 3.7% APRC 2.29% Monthly Nil Yes Click here

 

*Please note, the initial rate of interest will increase with effect from 25 September 2018 following the increase in the Bank of England Bank Rate announced on 2 August 2018.

Representative example:
A mortgage of £164,800.00 payable over 10 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 4.79%, would require 35 monthly payments of £1,552.82 and 85 monthly payments of £1,678.22, plus one initial interest payment of £349.23.
The total amount payable would be £197,446.63 made up of the loan amount plus interest of £32,546.63 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 variable 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
BRT +2.49% for 3 years 2.99%* 4.79% 4.3% APRC 2.79% Monthly Nil Yes Click here

*Please note, the initial rate of interest will increase with effect from 25 September 2018 following the increase in the Bank of England Bank Rate announced on 2 August 2018.

Representative example:
A mortgage of 164,800.00 payable over 10 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 4.79%, would require 35 monthly payments of £410.63 and 85 monthly payments of £657.64, plus one initial interest payment of £419.53.
The total amount payable would be £235,590.98 made up of the loan amount plus interest of £70,690.98 and a mortgage exit fee of £100.
The overall cost for comparison is 4.3% 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
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