Notices
-
Online Service update. Due to planned essential maintenance, our Online Service will be unavailable from 10pm on 8 May until 3am on 9 May. We apologise for any inconvenience this may cause.
- Savings customers. Your 2023/2024 Annual Interest Savings Summary has been despatched and will be with you shortly. Updated 29 April 2024
5.19% FFGM 5 Year Fixed Rate to 30/09/2029 (XF0779)
Key things to bear in mind
- Purpose - Product switch and further advance, exclusively available for existing Family First Guarantor Mortgage customers
- LTV - Maximum LTV 95%.
- Fixed Rate end date - 30/09/2029
- Application Fee - £125 for further advance. £0 for product switches
- Legal Fees - £100 minimum for further advances
- Valuation Fees - £0
- Product Fee - £0
- Cashback - £0
- Early Repayment Charges - 5% until 30/09/2025, 4% until 30/09/2026, 3% until 30/09/2027, 2% until 30/09/2028, 1% until 30/09/2029
- 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 advances. No minimum for product switches
- Cost for comparison - 7.4% APRC
Representative example
A mortgage of £145,000.00 payable over 34 years initially on a fixed rate for 6 years at 5.19% and then on our variable Managed Mortgage Rate, currently 8.44% would require 65 monthly payments of £757.31 and 343 monthly payments of £1,043.90 plus one initial interest payment of £619.55.
The total amount payable would be £408,002.40 made up of the loan amount plus interest of £262,902.40 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 7.4% APRC representative.
More downloads & what you'll need to apply
More mortgage downloads
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 - Helping the retired back into home ownership
When their landlady told them she wanted to sell the house, David and his wife decided to get back on the property ladder
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.
Contact our expert UK team
Existing customers
Savings - 03330 140144
savings.service@familybsoc.co.uk
Mortgages - 03330 140146
mortgage.service@familybsoc.co.uk
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Ashley Square, Epsom, Surrey, KT18 5DD.
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