Notices

  • Savings customers - interest rates on many of our variable rate savings products will be decreasing from 29 January. We have emailed or written to you to let you know of how these interest rate decreases affect you. See our variable savings rate changes

  • UK Landlords - The Renters’ Rights Bill, introduced in September 2024, received Royal Assent on 27 October 2025 and is now law as the Renters’ Rights Act. Read more about what to expect.

  • Savings: Interest rates for Windfall Bond will decrease by 0.25% from 1 January 2026. We will write to all customers individually to confirm the new rates.

    Mortgages: Tracker mortgages will change on 25 January 2026 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.

  • Mortgage products - On Tuesday 20 January 2026, we made changes to our mortgage product range. This includes enhanced Buy to Let HMO criteria, now catering to properties with up to six bedrooms (previously four bedrooms)

    Managed Mortgage Rates and Discounted Variable Rates

    From 7 February 2026, we'll be decreasing our Managed Mortgage Rates (MMR) by 0.15%. 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 shortly be writing to existing customers who have been impacted by this change, with details relevant to them.

  • Our Market Tracker Cash ISA (2) paying 4.03% AER is now back on sale. Find out more

Corporate and financial information

Find out about how the Society is managed and governed and our recent financial results.

Family Building Society is a trading name of National Counties Building Society which has been securely looking after people's money and helping homebuyers since 1896.

The Society is governed and run by a Board of Directors. The Board is here to ensure our long term sustainability for the good of you, our members.

This section contains details of our corporate governance and all our financial information. If you want to know more and it is not detailed here, then please contact us.

Corporate governance is the system by which organisations are directed and controlled.

As a Society, we are committed to best practice in corporate governance. We adhere to the UK Corporate Governance Code, issued by the Financial Reporting Council, and we meet the guidance for building societies issued by the Prudential Regulation Authority and Financial Conduct Authority.

Our day to day management is delegated to a team of Senior Executives led by Chief Executive Mark Bogard with oversight by an Elected Board.
 
The principal function of the Board is to determine the strategy and policies of National Counties Group within an effective control framework, which enables risk to be assessed and managed. The Board ensures that the necessary financial and human resources are in place so we can meet our objectives and reviews our business and management performance.

The Board also ensures that the Group operates within the Society's constitution with relevant legislation and regulation. It makes sure that proper accounting records and effective systems of business control are established, maintained, documented and audited.

The Board has five committees: the Audit, Board Risk, Remuneration, Nomination and Executive Committees. The Terms of Reference for each committee can be found below. 

The first three are comprised only of Non-Executive Directors and have different Chairmen, none of whom is the Chairman of the Society. 
The Remuneration Committee believes that it is increasingly important for you, our members to understand how our Directors and staff remuneration has been calculated. You can therefore see our Remuneration Policy Statement here.

The Nomination Committee is comprised of the Chairman and Vice Chairman of the Board plus the Chief Executive.
The Executive Committee (ExCo) is comprised of the Chief Executive who shall be Chairman, the Executive Directors and other senior executives as are appointed by the Chief Executive. 

At the end of each financial year we publish our annual report and accounts.

The National Counties Group assets increased by 7% in 2024 to £2,651 million supported by reserves of £171.3 million and a Common Equity Tier 1 ratio of £19.1%. For more details please refer to the 2024 Annual Report and Accounts.

2024 Annual Report and Accounts

2024 Summary Financial Statement (Member's Update)

2023 Annual Report and Accounts

2023 Summary Financial Statement (Members' Update)

2022 Annual Report and Accounts

2022 Summary Financial Statement (Members' Update)

Details about our Annual General Meeting (AGM) and how to vote are available for you to view.

Capital Requirements Directive - Pillar 3 Disclosures
We are required to display the following documents under the Capital Requirements Directive:
2023 Pillar 3 Disclosure
2022 Pillar 3 Disclosure

Under the newly approved Small Domestic Deposit Takers regime of which the Society is now part, the Society will no longer be publishing disclosures under Pillar 3.

Country by Country Reporting
Country by Country Reporting 2024 - Please see Note 33, page 113 of the audited 2024 Annual Report and Accounts
Country by Country Reporting 2023 - Please see Note 33, page 117 of the audited 2023 Annual Report and Accounts (link above) for this disclosure.
Country by Country Reporting 2022 - Please see Note 32, page 117 of the audited 2022 Annual Report and Accounts (link above) for this disclosure.

Society Rules effective from 30 September 2021
Society Rules Booklet 2021

Society Memorandum
NCBS Memorandum - 1998 Edition

Our statement on modern slavery and human trafficking is available to view on our website.
View the statement regarding our Supplier Code of Conduct.
Find out about the charitable assignment scheme which helps to meet the needs of our genuine savers and ensure service remains focused on our Members' best long term interests.

Annual General Meeting

View the results of our 2025 Annual General Meeting (AGM).

Annual General Meeting results

Board of Directors

Find out more about our Board of Directors.

Board Directors

Members' newsletter

Read about the latest news and updates from the Society.

Autumn Newsletter