Our Family Mortgages

We know many younger borrowers may only have a small deposit to put down on a property. The Family Mortgage brings wider family assets like savings and property as security into the mortgage calculation. This allows the buyer to benefit from a fair and reasonable rate that may not be available from other lenders, when faced with a 95% LTV.

Kids getting in the way? We can help
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2.99% 3 year fixed rate Family Mortgage

Code XF0179
28/02/2022 5.04% 95% £175* £599** £250 Yes No Yes  
More details, fees & downloads Criteria A-Z Check affordability DIP Request Illustration Request Contact your BDM Online Application
  • Maximum loan - £500,000
  • LTV - Maximum LTV 95%. For applications above 75% additional security is required. Additional offsetting feature is available
  • Early Repayment Charges - 3% until 29/02/2020, 2% until 28/02/2021, 1% until 28/02/2022
  • Cost for comparison - 4.7% APRC
  • Purpose - Purchase, product switch and additional borrowing
  • *Valuation fees - Free for properties up to £500,000. For properties over £500,000 the standard valuation fee scale applies, less £330 discount
  • **Product fee - £599
  • Options available - Security Account, Security Through Property, Offset Account

3.09% 5 year fixed rate Family Mortgage

Code XF0180
29/02/2024 5.04% 95% £175* £599** £250 Yes No Yes  
More details, fees & downloads Criteria A-Z Check affordability DIP Request Illustration Request Contact your BDM Online Application
  • Maximum loan - £500,000
  • LTV - Maximum LTV 95%. For applications above 75% LTV additional security is required. Additional offsetting feature is available
  • Early Repayment Charges - 5% until 29/02/2020, 4% until 28/02/2021, 3% until 28/02/2022, 2% until 28/02/2023, 1% until 29/02/2024
  • Cost for comparison - 4.5% APRC
  • Purpose - Purchase, product switch and additional borrowing
  • *Valuation fees - Free for properties up to £500,000. For properties over £500,000 the standard valuation fee scale applies, less £330 discount
  • **Product fee - £599
  • Options available - Security Account, Security Through Property, Offset Account

Mortgages must be complete by 01/02/2019. All of these mortgage products have limited funds available and may be withdrawn at any time. Our mortgages are available to applicants aged 18 and over for properties in England or Wales.

Unique features of the family mortgage

Security Account

Family members can provide security for the buyer's mortgage by depositing savings in our Family Security Account, which earns interest. This money acts as security for the mortgage and reduces the risk, so that we can offer a fair and reasonable rate for a 95% mortgage.

Security Through Property

Even if they don't have spare cash a family member can give a charge over some of the value in their property. By providing this security, the buyer could benefit from a fair and reasonable rate for a 95% mortgage.

Offset accounts

Offset Account

Money from a family member can be placed in our Family Offset Account at the start of the mortgage. In doing this, they reduce the amount of the mortgage on which interest is charged by the amount held in that account instead of receiving interest on the savings. Family members won't earn any interest on savings held in a Family Offset Account.

Unemployment Cover

As an additional benefit, the Family Building Society will meet a buyer's share of their mortgage repayments for up to six months, should they become unemployed through no fault of their own (subject to certain conditions).

  • Case Study

    The Davies family

    Mr and Mrs Davies wanted to buy their first home, but as relatively young professionals funding a large enough deposit was an issue.
    Download case study
    CaseStudy-FamilyMortgage-LeeNicole
  • Case Study

    First time buyers, Sarah and Adam

    Using family help to help the next generation get onto the property ladder.
    Download case study
    CaseStudy-FirstTimeBuyers-SarahAdam

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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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