Notices

  • Savings products - In preparation of the launch of our new and improved Online Service we have temporarily withdrawn online applications for all our savings products. You can still apply for these products by post or in branch. All savings products will be available to apply online from 12 May. We apologise for any inconvenience this may cause.

  • Savings customers: Your 2024 / 2025 Annual Interest Savings Summary are currently being processed and are due to be delivered by 30 April 2025.

  • We’ll shortly be making some changes to our Online Service to make it simpler and easier for you to use.  

    Our new Online Service will have a modern design, improved navigation and many added benefits.  

    Find out more about the changes

  • Mortgage products - On Wednesday 23 April, we made changes to our mortgage product range. These include rate adjustments across our fixed rate products, and an increase to our Owner Occupier Joint Borrower Sole Proprietor maximum LTV to up to 90% (with no additional security required) for loans up to £500,000.
  • Any customers that have recently applied for this account will have 15 calendar days to initially fund their account.

Our MMR history

Details of our Managed Mortgage Rate (MMR) history.

The Managed Mortgage Rate (MMR) is a type of mortgage interest rate that you are most likely to go onto after your introductory fixed, tracker or discounted deal ends. 

We choose what the MMR rate is and it does not track the Bank of England Bank Rate. Your MMR depends on whether we calculate the interest on your mortgage annually or monthly. The MMR you’ll pay also depends on what type of mortgage you apply for.

The table below details any rate changes that have been applied to the Family Building Society Managed Mortgage Rates since they were launched. 

 

YearDate of ChangeManaged Mortgage Rate (variable)Managed Flexi Mortgage Rate (variable)Residential Investment Managed Mortgage Rate (variable)
201414 July4.79%  4.89%Introduced on 1 December 2016
2015No changesNo changes No changes Introduced on 1 December 2016 
201625 September4.54% 4.64% Introduced on 1 December 2016 
 1 DecemberNo changes No changes 5.29% 
20171 DecemberNo changes No changes 5.29%
201825 September5.04% 5.14% 5.79% 
202025 April4.39% 4.49% 5.14% 
202221 March4.79%No changes5.54%
20221 AprilNo changes4.89%No changes
202223 July5.54%5.64%6.29%
202214 November6.04%6.14%6.79%
202321 January6.54%6.64%7.29%
202311 March7.29%7.39%8.04%
202312 July7.79%7.89%8.54%
202323 September8.44%8.54%9.19%
202419 September8.19%8.29%8.94%
202520 January 7.94%8.04%8.69%

 

 

Do you need our help?

If you have questions about your mortgage or need our help please contact our friendly Mortgage Service Team

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