Notices

5.74% 5 Year Fixed Rate to 31/10/2029 (XF0808)

The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Initial interest rate Current follow on rate Overall cost for comparison Repayment or Interest-Only? Max % Loan to Value (LTV) Product fees Additional
benefits

5.74% 5 Year Fixed Rate to 31/10/2029 (XF0808)

5.74% 8.44% 7.1%APRC
  • Interest-Only
80% £0

Key things to bear in mind

  • Purpose - Product switch and further advance
  • LTV - Maximum 80%
  • Fixed Rate end date - 31/10/2029
  • Application Fee - £125 for further advance. £0 for product switch
  • Valuation Fees - £0
  • Product Fee - £0
  • Cashback - £0
  • Early Repayment Charges - 5% until 31/10/2025, 4% until 31/10/2026, 3% until 31/10/2027, 2% until 31/10/2028, 1% until 31/10/2029
  • Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
  • Minimum loan - £2,000 for further advance. No minimum for product switches.
  • Cost for comparison - 7.1% APRC
Affordability calculator Email us Ask us to call back Summary & fees

Representative example

A mortgage of £115,319.00 payable over 10 years initially on a fixed rate for 5 years at 5.74% and then on our variable Managed Mortgage Rate, currently 8.44% would require 64 monthly payments of £551.61 and 56 monthly payments of £809.78 plus one initial interest payment of £545.21.

The total amount payable would be £196,614.93 made up of the loan amount plus interest of £81,195.93 and a Mortgage Exit Fee of £100.

The overall cost for comparison is 7.1% APRC representative.

More downloads & what you'll need to apply

Bank statements

Three full months most recent consecutive bank statements for all current accounts, to evidence all income and outgoings. Bank statements must show the applicants name, account number, sort code and bank logo. 

Proof of income

If you're employed in a company you'll need:

• Three months most recent payslips
• Most recent P60.

If you have property or investment income you'll need:

• Two years most recent SA302s.

If you're self employed you'll need:

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

If you are already retired or if the term of your mortgage term goes beyond retirement or age 70 you'll need:

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

Other items

If you have any questions please speak to the Family Service Team here

Case study - The Family Mortgage - helping first time buyers with small deposits

Choosing the Family Mortgage to buy their first home together

View full case study 

Over 125 years of helping people move in

For a long time we've been trusted to lend to a wide variety of people with a more small scale, personal approach as shown in our awards.

More about who we areView our awards

Contact our expert UK team

New enquiries

Savings - 03330 140141

Mortgages - 03330 140140

newbusiness@familybsoc.co.uk

Existing customers

Savings - 03330 140144
 savings.service@familybsoc.co.uk

Mortgages - 03330 140146
 mortgage.service@familybsoc.co.uk

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