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
6.94% Expat 1.50% Discounted Rate from follow on rate for 2 years (XD0218)
Key things to bear in mind
- Purpose - Expat product switch
- Discount - 1.50% applied to our Managed Mortgage Rate for 2 years
- Minimum rate - 4.44%
- Loan to Value - Maximum 80%.
- Application fee - £0
- Valuation fees - £0
- Product fee - £0
- Early Repayment Charges - 2% in the first year, 1% in the second year
- Maximum loan - No maximum.
- Minimum loan - No minimum
- Cost for comparison - 8.5% APRC
- Additional criteria - We require a UK address for the serving of notice.
Representative example
A mortgage of £240,021.00 payable over 17 years initially on a discounted variable rate for 2 years at 1.50% below our variable Managed Mortgage Rate and then on our variable Managed Mortgage Rate, currently 8.44% would require 23 monthly payments of £1,388.12 and 181 monthly payments of £1,686.63 plus one initial interest payment of £1,373.40.
The total amount payable would be £578,701.19 made up of the loan amount plus interest of £338,580.19 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 8.5% APRC representative.
More downloads & what you'll need to apply
Identification
N/A
Bank statements
N/A
Proof of income
N/A
Other items
N/A
Case study - A second chance at being a homeowner in retirement
Alicia wanted to relocate and become a homeowner again in her retirement
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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