Notices

Savings customers - the interest rates on many of our variable rate savings products will be decreasing from 6 January 2025. Find out more

We will be emailing or writing to you shortly to let you know of how these decreases affect you. In the meantime, you can see all of these changes here.
Mortgage customers - our Managed Mortgage Rate (MMR) will decrease by 0.25% from 20 January 2025. Find out more:

From 20 January 2025, we'll be decreasing our Managed Mortgage Rates (MMR) by 0.25%. All on-sale discounted variable product rates and other details, including representative examples displayed on our website, have been updated to reflect these lower rates.
We will be writing to existing customers who have been impacted by this change, shortly, with details relevant to them.
View our Christmas opening hours here. For information on bank transfer processing times over the Christmas period please click here.
Rate changes following Bank of England decision to decrease its Bank Rate by 0.25% to 4.75% on 7 November 2024. Find out more

Savings: Interest rates for Windfall Bond and Tracker Savings Bond will decrease by 0.25% from 1 December 2024. We will be writing to all customers individually to confirm the new rates.
Mortgages: Tracker mortgages will change on 25 December 2024 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage.
(Notice updated 08/11)

Moving home with us

As an existing customer looking to move home you can apply to take your current mortgage deal with you.

The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

If you already have one of our Family Building Society mortgages and you're looking to move home, then you'll be pleased to hear that you can take your current mortgage with you - this is known as 'porting', transferring your existing mortgage to a new property.

If you port your mortgage, you also have the option to borrow more should you choose to. Any additional borrowing must be taken using a new mortgage from our current range of products available.

Alternatively you can start a new mortgage product, but you may need to pay an early repayment charges which are due on your existing mortgage. See 'Early Repayment Charges' below for further information.

Whichever route is right for you please remember to let us know in good time.

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Exclusive benefit for existing mortgage borrowers

As an exclusive benefit for our existing borrowers, who are moving home and taking out a new owner occupier mortgage with us, you do not have to pay a valuation fee for a property value of up to £500,000 and the valuation fee will be discounted by £330 if your property value is above £500,000.

After successful completion of the porting application we will also refund the £175 application fee.

Early Repayment Charges

If your existing mortgage product includes an Early Repayment Charge, by changing your mortgage product you will incur this charge. To avoid this, and as long as the property you are moving to meets our standard lending criteria, you can apply to transfer your existing mortgage product terms to a new mortgage on the new property. Provided your sale and purchase take place at the same time, no Early Repayment Charge will be payable.

If you intend to repay part of your existing mortgage when you move please remember to check the terms to establish how much the Early Repayment Charge will be. The charge will only be applied to the amount of the loan repaid.

Looking to borrow more?

If you want to borrow more on your mortgage we have a range of mortgage products available.

Find out more