Our MMR History

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)

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.

Year	Date of Change	Managed Mortgage Rate (variable)	Managed Flexi Mortgage Rate (variable)	Residential Investment Managed Mortgage Rate (variable)
2014	14 July	4.79%	4.89%	Introduced on 1 December 2016
2015	No changes	No changes	No changes	Introduced on 1 December 2016
2016	25 September	4.54%	4.64%	Introduced on 1 December 2016
	1 December	No changes	No changes	5.29%
2017	1 December	No changes	No changes	5.29%
2018	25 September	5.04%	5.14%	5.79%
2020	25 April	4.39%	4.49%	5.14%
2022	21 March	4.79%	No changes	5.54%
2022	1 April	No changes	4.89%	No changes
2022	23 July	5.54%	5.64%	6.29%
2022	14 November	6.04%	6.14%	6.79%
2023	21 January	6.54%	6.64%	7.29%
2023	11 March	7.29%	7.39%	8.04%
2023	12 July	7.79%	7.89%	8.54%
2023	23 September	8.44%	8.54%	9.19%
2024	19 September	8.19%	8.29%	8.94%
2025	20 January	7.94%	8.04%	8.69%

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