Why Choose us?

At Family Building Society we’re focused on delivering innovative and flexible mortgage products to meet the needs of the modern family across all generations and individuals not well served by the mass market. We appreciate that ‘one size does not fit all’ when it comes to mortgages so we provide mortgages that work for everyone.

Find out more below or download our 'Why Choose Us?' leaflet.

An alternative to what's on the high street

Our key specialisms - what sets us apart as mortgage providers

First time buyers & family support

As well as our traditional mortgages, we also offer specialist products tailored to first time buyers looking to get onto the property ladder.

Our offering includes our award-winning 95% LTV Family Mortgage and Joint Borrower Sole Proprietor (JBSP) products.

Later life lending

We offer generous mortgage terms for clients approaching or in retirement - up until the age of 95.

We take into account earned income up to the age of 70 and other sources of income beyond that such as fixed pensions, pension pots, investments and rental income. Other income can be considered on a case-by-case basis.

Landlords

We offer a range of Buy to Let mortgages, from fixed to variable rates for clients wanting to invest in a Buy to Let property.

For landlords who want to make the most of their savings we also offer Offset Buy To Let mortgages. We also offer Buy to Let mortgages for Expats.

Self-employed mortgages

At Family Building Society we offer flexible mortgage solutions for self-employed clients, including sole traders, Ltd Company Directors and partnerships, including both Owner Occupier and Buy to Let products.

We assess self-employed applicants on their individual merits, taking a sensible view on their income.

Expat mortgages

We accept Owner Occupier and Buy to Let mortgage applications from Expats in over 40 countries including the USA, Hong Kong and Canada.

We lend to UK nationals working abroad, along with UK nationals and foreign nationals working in the UK but paid in a foreign currency.

Retirement Interest-Only (RIO) Mortgages

As an alternative to equity release, our Retirement Interest-Only mortgage is available to older borrowers aged 55 and over on an Interest Only basis.

With no set end date, your client can borrow funds up to a maximum of 50% LTV and make monthly interest payments without the need to repay the capital until a significant life event occurs such as going into long-term care or passing away.

Bank of Mum and Dad (BOMAD)

Young people, particularly first time buyers, often need help from parents or other family members to raise a deposit to get onto the property ladder.

Following the research we carried out in 2019 with the London School of Economics we produced our definitive guide 'How to run the Bank of Mum and Dad'. We have also created a guide focusing on how your client can approach family borrowing conversations, including the implications on inheritance tax.

Remortgaging in later life

In early 2020 we launched our research report, ‘Later life borrowing in a world that’s living longer’.

Working with the London School of Economics we examined why older borrowers remortgage and what they do with the funds. Our research highlighted that older home owners are spending their housing wealth now rather than use their accumulated equity to provide for their future long term care needs.