Homes for Ukraine - important information can be found here.
Savings members: Following the Bank of England’s decision to raise the Bank Rate by 0.25% to 1.25% on 16 June 2022, Windfall Bond and Tracker Savings Bond rates will increase by 0.25% from 1 July 2022. In addition we are pleased to say that many of our variable rate accounts will also be increasing from 24 June 2022. We will be informing affected customers of their new rate via email or letter shortly. (Notice updated 20/06/2022).
Mortgage members: Tracker mortgages will change on 25 July 2022 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. (Notice updated 20/06/2022).
Our MMR history
Details of our Managed Mortgage Rate (MMR) history.
The Managed Mortgage Rate (MMR) is a type of mortgage interest rate that you are most likely to go onto after your introductory fixed, tracker or discounted deal ends.
We choose what the MMR rate is and it does not track the Bank of England Bank Rate. Your MMR depends on whether we calculate the interest on your mortgage annually or monthly. The MMR you’ll pay also depends on what type of mortgage you apply for.
The table below details any rate changes that have been applied to the Family Building Society Managed Mortgage Rates since they were launched.
|Year||Date of Change||Managed Mortgage Rate (variable)||Managed Flexi Mortgage Rate (variable)||Residential Investment Managed Mortgage Rate (variable)|
|2014||14th July||4.79%||4.89%||Introduced on 1 December 2016|
|2015||No changes||No changes||No changes||Introduced on 1 December 2016|
|2016||25th September||4.54%||4.64%||Introduced on 1 December 2016|
|1st December||No changes||No changes||5.29%|
|2017||1st December||No changes||No changes||5.29%|
Do you need our help?
If you have questions about your mortgage or need our help please contact our friendly Mortgage Service Team