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Here you will find a summary of our current owner occupier products available for further advance, for more detailed information, please click on the link below in the tables. 

You can contact our New Business Team 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 to 5.30pm and Saturday: 9am to 12pm.


DISCOUNTED VARIABLE RATES

Product name Initial interest rate Followed by our MMR*, currently The overall
cost for comparison
is
Minimum interest
rate payable
Interest calculated Product fee Early repayment charges Further details
Capital and Interest Repayment Only
3 year 2.40% discount 2.64% 5.04% 4.1% APRC 2.19% Monthly Nil        Yes Click here
5 year 2.25% discount 2.79% 5.04% 3.2% APRC 2.34% Monthly Nil         Yes Click here

Total borrowing of up to 80% of the current property value can be considered.

Representative example:
A further advance of £30,000.00 payable over 10 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 £248.72 and 85 monthly payments of £308.68, plus one initial interest payment of £67.42.
The total amount payable would be £36,495.42 made up of the loan amount plus interest of £6,270.42 and an Application Fee of £125 which includes the Valuation Fee, and Legal Fees 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
Interest calculated Product fee Early repayment charges Further details
Interest-Only
3 year 1.90% discount 3.14% 5.04% 4.6% APRC 2.69% Monthly Nil        Yes Click here
5 year 1.75% discount 3.29% 5.04% 4.0% APRC 2.84% Monthly Nil        Yes Click here

Total borrowing of up to 80% of the current property value can be considered.

Representative example:
A further advance of £30,000.00 payable over 10 years 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 £78.50 and 85 monthly payments of £125.96, plus one initial interest payment of £80.22.
The total amount payable would be £43,759.32 made up of the loan amount plus interest of £13,534.32, and an Application Fee of £125 which includes the Valuation Fee, and Legal Fees of £100.
The overall cost for comparison is 4.6% APRC representative.


FIXED RATE

Product name Initial interest rate Followed by our MMR*, currently The overall
cost for comparison
is
Minimum interest
rate payable
Interest calculated Product fee Early repayment charges Further details

Capital and Interest Repayment Only

2 year fixed rate to 31/03/2022 2.69% 5.04% 4.7% APRC No Monthly Nil        Yes Click here
3 year fixed rate to 28/02/2023 2.99% 5.04% 4.2% APRC
No Monthly Nil        Yes Click here
5 year fixed rate to 31/01/2025 3.19% 5.04%        4.1% APRC
No Monthly Nil         Yes Click here

The above mortgages must complete by 01/04/2020. Total borrowing of up to 80% of the current property value can be considered.

Representative example:
A further advance of £22,000.00 payable over 22 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 20 years would require 29 monthly payments of £110.50 and 235 monthly payments of £135.14, plus one initial interest payment of £50.37.
The total amount payable would be £35,237.77 made up of the loan amount plus interest of £13,012.77 and an Application Fee of £125 which includes the Valuation Fee, and Legal Fees 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
Interest calculated Product fee Early repayment charges Further details

Interest-Only

3 year fixed rate to 28/02/2023 3.69% 5.04% 4.8% APRC No Monthly Nil        Yes Click here

The above mortgage must complete by 01/04/2020. Total borrowing of up to 80% of the current property value can be considered.

Representative example:
A further advance of £40,000.00 payable over 12 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 9 years would require 40 monthly payments of £123.00 and 104 monthly payments of £167.90, plus one initial interest payment of £125.74.
The total amount payable would be £62,732.34 made up of the loan amount plus interest of £22,507.34 and an Application Fee of £125 which includes the Valuation Fee, and Legal Fees of £100.
The overall cost for comparison is 4.8% APRC representative.   

 

BASE RATE TRACKER

Product
name
Initial interest rate Followed by our MMR*, currently The overall cost for comparison
is
Minimum interest
rate payable
Interest calculated Product fee Early repayment charges Further details
Capital and Interest Repayment
BRT +1.99% for 3 years 2.74% 5.04% 4.3% APRC 2.29% Monthly Nil        Yes Click here

During initial tracker period, interest rate changes are effective from the 25th day of the month following a change in the Bank of England Bank Rate. The total borrowing of up to 80% of the current property value can be considered.

Representative example:
A further advance of £100,000.00 payable over 15 years initially 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 12 years would require 35 monthly payments of £678.15 and 145 monthly payments of £770.70, plus one initial interest payment of £233.23.
The total amount payable would be £135,944.98 made up of the loan amount plus interest of £35,719.98 and an Application Fee of £125 which includes the Valuation Fee, and Legal Fees 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 Product fee Early repayment charges Further details
Interest-Only
BRT +2.49% for 3 years 3.24% 5.04% 4.7% APRC 2.79% Monthly Nil        Yes Click here
During initial tracker period, interest rate changes are effective from the 25th day of the month following a change in the Bank of England Bank Rate. The total borrowing of up to 80% of the current property value can be considered.

Representative example:
A further advance of £100,000.00 payable over 15 years initially 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%, for the remaining 12 years would require 35 monthly payments of £270.00 and 145 monthly payments of £419.86, plus one initial interest payment of £275.91.
The total amount payable would be £170,830.61 made up of the loan amount plus interest of £70,605.61 and an Application Fee of £125 which includes the Valuation Fee, and Legal Fees of £100.

The overall cost for comparison is 4.7% APRC representative.


FAMILY FIRST GUARANTOR MORTGAGE

Product name Initial interest rate Followed by our MMR*, currently The overall cost for comparison
is
Minimum interest
rate payable
Interest calculated Product fee Early repayment charges Further details
Capital and Interest Repayment
3 year fixed rate to 28/02/2023 3.09% 5.04% 4.3% APRC No Monthly Nil Yes Click here

The above mortgage must complete by 01/04/2020. Only available to existing Family First borrowers. Total borrowing of up to 95% of the current property value can be considered.

Representative example:
A further advance of £40,000.00 payable over 12 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 9 years would require 40 monthly payments of £332.81 and 104 monthly payments of £360.07, plus one initial interest payment of £105.25.
The total amount payable would be £51,089.93 made up of the loan amount plus interest of £10,864.93 and an Application Fee of £125 which includes the Valuation Fee, and Legal Fees 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 Product fee Early repayment charges Further details
Interest-Only
3 year fixed rate to 28/02/2023 3.09% 5.04% 4.6% APRC No Monthly Nil Yes Click here

The above mortgage must complete by 01/04/2020. Only available to existing Family First borrowers. Total borrowing of up to 95% of the current property value can be considered.

Representative example:
A further advance of £40,000.00 payable over 12 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 9 years would require 40 monthly payments of £103.00 and 104 monthly payments of £167.93, plus one initial interest payment of £105.25.
The total amount payable would be £61,914.97 made up of the loan amount plus interest of £21,689.97 and an Application Fee of £125 which includes the Valuation Fee, and Legal Fees of £100.
The overall cost for comparison is 4.6% 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 Product fee Early repayment charges Further details

Capital and Interest Repayment

Family Mortgage 3 year fixed to 28/02/2023 2.84% 5.04% 4.2% APRC No Monthly Nil        Yes Click here
Family Mortgage 5 year fixed to 31/01/2025 2.89% 5.04% 3.9% APRC No Monthly Nil        Yes Click here

The above mortgage must complete by 01/04/2020. Total borrowing of up to 95% of the current property value can be considered. Additional security required where LTV is above 75%. Additional offsetting feature is available. Maximum loan £500,000.

Representative example:
A further advance of £40,000 payable over 12 years initially on a fixed rate for 3 years at 2.84% and then on our variable Managed Mortgage Rate, currently 5.04%, for the remaining 9 years would require 40 monthly payments of £328.12 and 105 monthly payments of £358.78, plus one initial interest payment of £96.71.
The total amount payable would be £51,118.41 made up of the loan amount plus interest of £10,893.41 and an Application Fee of £125 which includes the Valuation Fee, and Legal Fees of £100.
The overall cost for comparison is 4.2% APRC representative.


OFFSET MORTGAGE

Product name

Initial interest rate

Followed by our Managed Flexi Mortgage Rate, currently

The overall
cost for comparison
is

Minimum interest
rate payable

Interest calculated

Product fee

Early repayment charges

Further details

Capital and Interest Repayment

Offset Mortgage 2 Year 2.50% discounted rate

2.64%

5.14%

4.5% APRC

2.19%

Monthly

Nil

       Yes

Click here

Offset Mortgages 5 Year 2.00% discounted rate 3.14% 5.14% 3.5% APRC 2.69% Monthly Nil        Yes Click here

Representative example:
A further advance of £30,000.00 payable over 10 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 £284.72 and 97 monthly payments of £313.36, plus one initial interest payment of £67.42.
The total amount payable would be £37,236.90 made up of the loan amount plus interest of £7,011.90 and an Application Fee of £125 which includes the Valuation Fee, and Legal Fees 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 Managed Mortgage Rate.

** For Offset, the follow on rate is our variable Managed Flexi Mortgage Rate. The Offset Mortgage requires a linked Offset Saver to be opened. The Offset Mortgage is only available to existing Offset Mortgage borrowers. The total borrowing of up to 80% of the current property value can be considered.

 

NEXT STEPS

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 Key Facts 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.

We're open Monday to Friday: 8am to 5.30pm and Saturday: 9am to 12pm.

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

THE MORTGAGE WILL BE SECURED ON YOUR HOME
YOUR HOME MAY BE REPOSSESSED 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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