Notices

  • Online Service update. Due to planned essential maintenance, our Online Service will be unavailable between 9:00am to 10:00am on Saturday 25 October. We apologise for any inconvenience this may cause.

  • Please note that our Market Tracker Cash ISA (2) has been withdrawn from sale. Any customers that have recently applied for this account will have 15 calendar days to initially fund their account.

  • Mortgage products - On Tuesday 30 September 2025, we made changes to our mortgage product range. This included decreases across many of our Fixed Rate products for Owner Occupier and Buy to Let products.

    Buy to Let Limited Companies

    In addition we launched new Fixed Rate products for Buy to Let Limited Company landlords (UK registered companies) who have expat shareholders and/or directors in our acceptable list of countries.

    Managed Mortgage Rates and Discounted Variable Rates

    From 1 October 2025, we'll be decreasing our Managed Mortgage Rates (MMR) by 0.25%. All on-sale discounted variable product rates and other details, including representative examples displayed on our website, have been updated to reflect these lower rates.

    We have written to existing customers who have been impacted by this change, with details relevant to them.

  • We've made some improvements to our Online Service. With several enhancements and added benefits our Online Service is now simpler and easier for you to use.  Online Service changes

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%
20251 October7.69%7.79%8.44%

 

 

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

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