Notices
  • Our Windfall Bond account which earns you interest and entry into a monthly free prize draw with a chance to win between £100 and £50,000 is available for new account openings. Currently paying Bank of England Bank rate minus 1%. Further information can be found here.

  • Please note that our 1 Year Fixed Rate Bond (52) and Online Saver (8) have both been withdrawn from sale. Any customers that have recently applied for these accounts will have 15 calendar days to initially fund their account.

  • Mortgage products - On Thursday 30 January 2025, we made changes to our mortgage product range. This included adjustments across our Fixed Rate products for Owner Occupier Interest-Only, as well as Buy to Let.

    The maximum LTV has now increased from 70% to 75% for all UK Landlord (including Offset), Limited Company, Expat Buy to Let products, with Multi-Unit Freehold Blocks (MUFBs) continuing to be capped at 70%.

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. 

 

YearDate of ChangeManaged Mortgage Rate (variable)Managed Flexi Mortgage Rate (variable)Residential Investment Managed Mortgage Rate (variable)
201414 July4.79%  4.89%Introduced on 1 December 2016
2015No changesNo changes No changes Introduced on 1 December 2016 
201625 September4.54% 4.64% Introduced on 1 December 2016 
 1 DecemberNo changes No changes 5.29% 
20171 DecemberNo changes No changes 5.29%
201825 September5.04% 5.14% 5.79% 
202025 April4.39% 4.49% 5.14% 
202221 March4.79%No changes5.54%
20221 AprilNo changes4.89%No changes
202223 July5.54%5.64%6.29%
202214 November6.04%6.14%6.79%
202321 January6.54%6.64%7.29%
202311 March7.29%7.39%8.04%
202312 July7.79%7.89%8.54%
202323 September8.44%8.54%9.19%
202419 September8.19%8.29%8.94%
202520 January 7.94%8.04%8.69%

 

 

Do you need our help?

If you have questions about your mortgage or need our help please contact our friendly Mortgage Service Team