More in this section

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

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. 


DISCOUNTED VARIABLE 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)
Product fee Early repayment charges Further details
Interest-Only
3 year 1.65% discount 2.74% 4.39% 4.0% APRC 2.64% 60% Nil        Yes Click here
3 year 1.55% discount 2.84% 4.39%  4.0% APRC
2.74% 75%  Nil         Yes
Click here
5 year 1.50% discount 2.89% 4.39%  3.8% APRC  2.79% 60%  Nil        Yes Click here 
5 year 1.40% discount 2.99%  4.39%  3.9% APRC 2.89% 75%  Nil        Yes Click here


Representative example:
A further advance of £37,000.00 payable over 9 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 £87.57 and 73 monthly payments of £135.32, plus one initial interest payment of £89.21.
The total amount payable would be £50,257.52 made up of the loan amount plus interest of £13,032.52, an Application Fee of £125 which includes the Valuation Fee, and Legal Fees of £100.
The overall cost for comparison is 4.0% APRC representative. 


FIXED 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)
Product fee Early repayment charges Further details

Capital and Interest Repayment Only

2 year fixed rate to 31/10/2022 2.39% 4.39% 4.1% APRC  No 60% Nil        Yes  Click here 
2 year fixed rate to 31/10/2022  2.49% 4.39%  4.1% APRC No 75% Nil         Yes Click here 
3 year fixed rate to 31/10/2023 2.44%  4.39%  3.6% APRC  No  60% Nil         Yes  Click here 
3 year fixed rate to 31/10/2023 2.54% 
4.39%   3.7% APRC
No 75% Nil        Yes Click here 
5 year fixed rate to 30/11/2025 2.69% 4.39% 3.6% APRC  No 60%  Nil         Yes  Click here 
5 year fixed rate to 30/11/2025 2.79% 4.39%  3.7% APRC  No  75% NIl        Yes Click here  

The above mortgages must complete by 02/01/2021. 

Representative example:
A further advance of £18,400.00 payable over 17 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 15 years, would require 27 monthly payments of £110.72 and 177 monthly payments of £125.89, plus one initial interest payment of £38.89.
The total amount payable would be £25,535.86 made up of the loan amount plus interest of £6,910.86, 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
Max Loan to Value
(LTV)
Product fee Early repayment charges Further details
Interest-Only
3 year fixed rate to 31/10/2023 2.94% 4.39% 4.1% APRC No 60% Nil        Yes  Click here 
3 year fixed rate to 31/10/2023 3.04%
4.39%
4.1% APRC
No 75% Nil        Yes Click here 

The above mortgages must complete by 02/01/2021.

Representative example:
A further advance of £36,000.00 payable over 12 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 9 years, would require 39 monthly payments of £91.20 and 105 monthly payments of £131.67, plus one initial interest payment of £92.94.
The total amount payable would be £53,700.09 made up of the loan amount plus interest of £17,475.09, 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. 


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

Max Loan to Value
(LTV)

Product fee

Early repayment charges

Further details

Capital and Interest Repayment

Offset Mortgage 2 Year 1.85% discounted rate

2.64%

4.49%

4.0% APRC

2.54%

60%

Nil

      Yes

Click here

Offset Mortgage 2 Year 1.75% discounted rate 2.74%  4.49% 4.1% APRC
2.64% 75% Nil      Yes Click here


Representative example: 
A further advance of £37,000.00 payable over 9 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 £386.96 and 85 monthly payments of £410.52, plus one initial interest payment of £86.07.
The total amount payable would be £44,105.35 made up of the loan amount plus interest of £6,880.35, an Application Fee of £125 which includes the Valuation Fee, a Product Fee of £0 and a Mortgage Exit Fee of £0. 
The overall cost for comparison is 4.1% 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

Max Loan to Value
(LTV)

Product fee

Early repayment charges

Further details

Capital and Interest Repayment

3 year fixed rate to 31/10/2023

3.09%

4.39%

4.0% APRC

No

95%

Nil

      Yes

Click here

The above mortgage must complete by 02/01/2021.  Only available to existing Family First borrowers.

Representative example:
A further advance of £36,000.00 payable over 12 years initially on a fixed rate for 3 years at 3.09% and then on our variable Managed Mortgage Rate, currently 4.39% for the remaining 9 years, would require 39 monthly payments of £299.53 and 105 monthly payments of £315.83, plus one initial interest payment of £94.47.
The total amount payable would be £45,163.29 made up of the loan amount plus interest of £8,938.29, an Application Fee of £125 which includes the Valuation Fee, and Legal Fees of £100.
The overall cost for comparison is 4.0% 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)

Product fee

Early repayment charges

Further details

Interest-Only

3 year fixed rate to 31/10/2023

3.09%

4.39%

4.1% APRC

No

95%

Nil

      Yes

Click here

The above mortgage must complete by 02/01/2021.  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 £36,000.00 payable over 12 years initially on a fixed rate for 3 years at 3.09% and then on our variable Managed Mortgage Rate, currently 4.39% for the remaining 9 years, would require 39 monthly payments of £92.70 and 105 monthly payments of £131.67, plus one initial interest payment of £94.47.
The total amount payable would be £53,760.12 made up of the loan amount plus interest of £17,535.12, 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.

 

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)

Product fee

Early repayment charges

Further details

Capital and Interest Repayment

Family Mortgage 5 year fixed rate to 30/11/2025

2.99%

4.39%

3.8% APRC

No

95%

Nil

      Yes

Click here

The above mortgage must complete by 02/01/2021. Additional security required where the LTV is above 75%.  Additional offsetting feature is available. Maximum loan £500,000.

Representative example:
A further advance of £32,577.00 payable over 17 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 11 years would require 64 monthly payments of £203.89 and 140 monthly payments of £219.71, plus one initial interest payment of £82.71.
The total amount payable would be £44,116.07 made up of the loan amount plus interest of £11,314.07 and an Application Fee of £125 which includes the Valuation Fee, and Legal Fees of £100.
The overall cost for comparison is 3.8% 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 75% 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.

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

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