News & product updates

Find out the latest news and updates from Family Building Society, including changes to products and criteria, as well as up coming events.

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Increases to our mortgage interest rates

31 Aug 2018

Following the Bank of England’s announcement of an increase in Bank Rate from 0.50% to 0.75% on 2 August 2018, we will be making the following changes to our products with effect from 25 September 2018:

  • Pay rates on all Bank of England Tracker Rate Mortgages will increase by 0.25%.
  • Our Managed Mortgage Rate and Standard Variable Rates will both increase by 0.25%. This means that the pay rate on our Discounted Variable rates will rise by 0.25%.

No changes will be made to our fixed rate products.

Existing customers will be advised of their new payments in early September.

How interest rate changes will affect current pipeline applications

  • Your clients, who have received an offer from us for a Discounted Variable Rate Mortgage or a Base Rate Tracker Mortgage, will shortly receive a letter letting them know the new rate and new monthly payment effective from 25 September 2018.
  • Your clients, for whom you've already submitted an application for a Discounted Variable Rate Mortgage or a Base Rate Tracker Mortgage that has not yet progressed to offer, will have their new mortgage rate and monthly payment shown in the offer from us in due course.

Your client is able to switch to another product should they want to. There is no additional fee for doing so but there may be a slight delay while we reissue our paperwork. Please talk to our Mortgage Desk should your client wish to switch product.

If you have any questions or have a case you would like to discuss, please contact your local Business Development Manager or our Mortgage Desk.

Affordability Calculator

Find out how much your residential client may be able to borrow. To see affordability for a Buy to Let client, use our Buy to Let calculator

Find Your Local

Business Development Manager

Your Local BDM:

Michelle Parry-Bunter

Michelle has worked for the Society for over a decade and focuses on the South Coast. Contact Michelle for help with your clients' mortgages.
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Your Local BDM:

Nathan Waller

Nathan was previously a mortgage and protection adviser, and focuses on Essex and Kent. Contact Nathan for help with your clients' mortgages.
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Your Local BDM:

Charlotte Grimshaw

Charlotte has a background working with intermediaries within the Building Society sector and focuses around the West M25 area. Contact Charlotte for help with your clients' mortgages.
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Your Local BDM:

Darren Deacon

Darren has over 28 years' Financial Services experience and focuses on both the East & West Midlands. Contact Darren for help with your clients' mortgages.
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Your Local BDM:

Paul Roberts

Paul has over 30 years' experience and focuses on the North (inc. M62 corridor), Yorkshire & North East. Contact Paul for help with your clients' mortgages.
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We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:

Opening hours: Mon - Fri: 8am - 5.30pm, Sat: 9am - noon

We may record any telephone calls we have with you in the interest of staff training, monitoring customer service or for security purposes.

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