2.89% 5 year fixed rate Family Mortgage - XF0226

The Family Mortgage brings wider family assets such as savings and property as security into the mortgage calculation, allowing the buyer to benefit from a fair and reasonable rate that may not be available from other lenders when faced with a 95% LTV.

Remember For Later
Rate Ends
Follow On
Cashback on
Repayment Interest
2.89% 31/01/2025 5.04% 95% £175* £599** £250 Yes No Yes
  • 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 31/01/2021, 4% until 31/01/2022, 3% until 31/01/2023, 2% until 31/01/2024, 1% until 31/01/2025
  • Cost for comparison - 4.4% APRC
  • Purpose - Purchase, product switch and additional borrowing
  • *Application Fee - £175 + Valuation Fee
  • 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
  • Additional criteria - The mortgage must complete by 01/04/2020
DIP Request Illustration Request Contact your BDM Online Application Check affordability Criteria A-Z
Minimum Documents You'll Need From Your Client

All applicants

  • ID documents if the electronic check we carry out on all our applicants fails
  • Three full months most recent consecutive bank statements for all current accounts, to evidence all income and outgoings
  • Bank statements must show the applicant's name, account number, sort code & bank logo

Property or investment income applicant

  • Two years most recent SA302s

Employed applicant

  • Three months most recent payslips
  • Most recent P60

Self employed applicant

  • Two years most recent accounts or two years most recent SA302s / Tax Calculations (100% Completed) or FBS Accountants Certificate
  • Accountant’s details on the application form

Applicant is already retired or if the term goes beyond retirement or age 70

  • Most recent Pension Statement or letter from Department for Work and Pensions
  • Most recent annual Pension Statement
  • Most recent P60

Applicant renting current home

  • 12 months bank statements showing rent payments

Applicant already has a mortgage

  • We require proof of mortgage payments. We carry out an electronic credit check on all applicants which usually confirms this. However if this fails, we will need proof. This can be provided from 12 months bank statements, the latest mortgage statements, or a combination. To speed up our underwriting, you can provide these on submission

Applicant has background BTL(s)

  • Evidence of rent being paid in and mortgage being paid out (bank statements requested above may already cover this)

Applicants with purchase deposits

  • Evidence of deposit in an account held by the applicant(s)
  • For gifted deposits, we require evidence of the funds in a UK account and the giftors details (name, date of birth, relationship to applicants)
Fees for this product

Standard fees

  • *Application Fee - £175 for purchase + Valuation Fee. £125 for additional borrowing. No fee for product switch
  • Valuation Fee - Free for properties up to £500,000. For properties over £500,000 the standard valuation fee scale applies, less £330 discount
  • **Product Fee - £599
  • Expat Fees - Not available for Expats

Procuration fees (gross fee paid)

  • Directly authorised brokers submitting business to us directly - 0.55%, min £247.50
  • Submitting a case via Mortgage Clubs - 0.57%, min £256.50 (Mortgage Clubs will deduct 0.02%)

Criteria checker

Can we help your client? Use our tool to find out.
Simply type your criteria to see our levels of acceptance and flexibility.

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