Notices

  • Savings customers - interest rates on many of our variable rate savings products decreased on 29 January. We have emailed or written to you to let you know of how these interest rate decreases affect you. See our variable savings rate changes

  • Mortgage products - On Tuesday 20 January 2026, we made changes to our mortgage product range. This includes enhanced Buy to Let HMO criteria, now catering to properties with up to six bedrooms (previously four bedrooms)

    Managed Mortgage Rates and Discounted Variable Rates

    From 7 February 2026, we'll be decreasing our Managed Mortgage Rates (MMR) by 0.15%. 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 will shortly be writing to existing customers who have been impacted by this change, with details relevant to them.

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%
20267 February7.54%7.64%8.29%

 

 

Do you need our help?

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

Get in touch