Notices
MORTGAGES_First-time-and-family-assisted-mort-hub_994x437150dpi

First time buyer mortgages

We have a range of fixed rate mortgages available which are suitable for first time buyers.
The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

At Family Building Society we can assist with a mortgage if you are a First Time Buyer. The minimum property value we would consider is £120,000 in England and Wales.

We have a number of mortgage products available. Take a look at our current range of mortgage products below.

 

Who can apply?

You can apply if you are aged 18 or over.

 

What Mortgage Awards 2023 Best Guarantor Family Support Lender Winner

How do I apply?

  • Step 1 - Start by contacting our New Business Team on 03330 140140 or by using the Call Me Back form. They’ll go over some basic information with you including how much you would like to borrow. They’ll need to know about your income and outgoings to make sure you can afford the mortgage and they’ll check that the mortgage meets our lending criteria.
  • Step 2 – After our New Business Team have reviewed your circumstances, they’ll refer you to our Mortgage Advice Team who will go through your circumstances in detail and recommend a suitable product. This advice is free of charge from our in-house team, or you can choose to use your own adviser (they might charge you for this).
  • Step 3 – Submit your application along with any supporting documents (there is a list of what’s required on our application form) and the £175.00 Application Fee along with any valuation fee which may apply. There will be further fees associated with the product selected.
  • Step 4 – Once the application has been assessed a valuation will be carried and then it will be underwritten and we will provide you with a Mortgage Offer. A copy of this will also be given to your nominated Solicitor who will contact you with some forms to be completed.
  • Step 5 – Once your nominated Solicitor  has carried out the necessary searches and received the forms back from you we can arrange to send you the funds (this is called “completion”).

 

Any questions?

If you have any questions and are unsure what mortgage product would be suitable for you can arrange an appointment or speak to a New Business Representative. You can get in touch in the following ways:

Email us Call us on 03330 140140 

  

When you submit your application there is a £175 Application Fee. There will be further costs associated with the application which will be explained to you when you contact our New Business Team and also by our Mortgage Advice Team

Usually between 12 and 16 weeks.

Our current interest rates can be found below.
We’ll send you an Application Form after you’ve spoken to our Mortgage Advice Team.

When the application is received from you.

Only if the property value is above £500,000 which is paid with the application fee.
  • Application fee £175
  • Product fee (to be confirmed)
  • Valuation fee if applicable
  • Solicitor’s fee
Yes, we do and there is no charge for their advice.
Yes, we do, we will consider their retirement income.

Our mortgage products available for first time buyer

Filter:
Sort:
Initial interest rate Current follow on rate Overall cost for comparison Repayment or Interest-Only? Max % Loan to Value (LTV) Product fees Additional
benefits

4.99% JBSP 5 Year Fixed Rate to 31/10/2029 (XF0801)

4.99% 8.44% 7.1%APRC
  • Repayment
60% £599~ £500 for remortgage applications^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for Purchase, Remortgage, Further Advance and Product Switches. Also available for product switch and further advance for existing guarantor mortgages
  • Please note that this product is exclusively available for purchase and remortgage purposes for direct customer applications, dealt with via our Mortgage Advisor Team. This product is not available for purchase / remortgage applications submitted from directly authorised brokers
  • LTV - Maximum 60%
  • Fixed rate end date - 31/10/2029
  • *Application Fee -  £175 + Valuation Fee. (£125 for further advance. £0 for product switches)
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advance. £0 for product switch)
  • ~Product Fee - £599 for loans up to £500,000. (£0 for further advance. £0 for product switch)
  • ^Cashback - £500 for remortgage applications
  • Early Repayment Charges - 5% until 31/10/2025, 4% until 31/10/2026, 3% until 31/10/2027, 2% until 31/10/2028, 1% until 31/10/2029
  • Maximum loan - £500,000
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches
  • Cost for comparison - 7.1% APRC

See full details for fee details, documents you'll need, and more.

5.09% Family Mortgage 5 Year Fixed Rate to 31/10/2029 (XF0803)

5.09% 8.44% 7.4%APRC
  • Repayment
95% £599~ £250 for purchase applications^

Some key features of this mortgage

  • Purpose - Family Mortgage applications for purchase, further advance, product switch
  • Loan to Value - Maximum 95%. For applications above 75% LTV additional security is required. Additional offsetting feature is available
  • Security options available - Security Account, Security through Property, Offset Account. Find out more here
  • Fixed Rate end date - 31/10/2029
  • *Application Fee - £175 + Valuation Fee. (£125 for further advance. £0 for product switch)
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advance. £0 for product switch)
  • ~Product Fee - £599 for loans up to £500,000. (£0 for further advance. £0 for product switch)
  • ^Cashback - £250 for purchase applications
  • Early Repayment Charges - 5% until 31/10/2025, 4% until 31/10/2026, 3% until 31/10/2027, 2% until 31/10/2028, 1% until 31/10/2029
  • Maximum loan - £500,000
  • Minimum loan - £45,000 for purchase applications. £2,000 for further advance. No minimum for product switches
  • Cost for comparison - 7.4% APRC

See full details for fee details, documents you'll need, and more.

5.09% JBSP 5 Year Fixed Rate to 31/10/2029 (XF0802)

5.09% 8.44% 7.2%APRC
  • Repayment
80% £599~ £500 for remortgage application^

Some key features of this mortgage

 

  • Purpose - Joint Borrower Sole Proprietor applications for Purchase, Remortgage, Further Advance and Product Switches. Also available for product switch and further advance for existing guarantor mortgages
  • Please note that this product is exclusively available for purchase and remortgage purposes for direct customer applications, dealt with via our Mortgage Advisor Team. This product is not available for purchase / remortgage applications submitted from directly authorised brokers
  • LTV - Maximum 80%
  • Fixed rate end date - 31/10/2029
  • *Application Fee - £175 + Valuation Fee. (£125 for further advance. £0 for product switch)
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advance. £0 for product switch)
  • ~Product Fee - £599 for loans up to £500,000. (£0 for further advance. £0 for product switch)
  • ^Cashback - £500 for remortgage applications
  • Early Repayment Charges - 5% until 31/10/2025, 4% until 31/10/2026, 3% until 31/10/2027, 2% until 31/10/2028, 1% until 31/10/2029
  • Maximum loan - £500,000
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.
  • Cost for comparison - 7.2% APRC

See full details for fee details, documents you'll need, and more.

5.54% JBSP 2 Year Fixed Rate to 31/10/2026 (XF0795)

5.54% 8.44% 8.1%APRC
  • Repayment
60% £599~ £500 cashback for remortgages^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing Guarantor mortgages. 
  • LTV - Maximum 60%
  • Fixed Rate end date - 31/10/2026
  • Application Fee - £175 + Valuation Fee. (£125 for further advance, £0 for product switch)
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advance, £0 for product switch)
  • Product Fee - £599 for loans up to £500,000. (£0 for further advance, £0 for product switch)
  • Early Repayment Charges - 2% until 31/10/2025, 1% until 31/10/2026
  • Maximum loan - £500,000
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches
  • Additional benefits:
    ^Cashback - £500 cashback on completion for remortgage applications
  • Cost for comparison - 8.1% APRC

See full details for fee details, documents you'll need, and more.

5.64% JBSP 2 Year Fixed Rate to 31/10/2026 (XF0796)

5.64% 8.44% 8.1%APRC
  • Repayment
80% £599~

£500 cashback for remortgages^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing guarantor mortgages.
  • Loan to Value - Maximum 80%
  • Fixed Rate end date - 31/10/2026
  • Application Fee - £175 + Valuation Fee. (£125 for further advance. £0 for product switches.)
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advance. £0 for product switch)
  • ~Product Fee - £599 for loans up to £500,000.  (£0 for further advance. £0 for product switch)
  • ^Cashback - £500 for remortgage applications
  • Early Repayment Charges - 2% until 31/10/2025, 1% until 31/10/2026
  • Maximum loan - £500,000
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches
  • Cost for comparison - 8.1% APRC

See full details for fee details, documents you'll need, and more.

6.59% JBSP 1.85% Discounted Rate from follow on rate for 2 years (XD0215)

6.59% 8.44% 8.5%APRC
  • Interest-Only
60% £599~ £500 cashback for remortgages^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing guarantor mortgages.
  • Discount - 1.85% applied to our Managed Mortgage Rate for 2 years
  • Minimum rate - 4.09% 
  • Loan to Value - Maximum 60%
  • Application Fee - £175 + Valuation Fee for purchase and remortgage applications. (£125 for further advance. £0 for product switch) 
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advance. £0 for product switch)
  • ~Product Fee - £599 for loans up to £500,000. (£0 for further advance. £0 for product switch.)
  • Maximum loan - £500,000.
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.
  • Additional benefits:
    - ^Cashback - £500 cashback on completion for remortgage applications
  • Early Repayment Charges - 2% in the first year, 1% in the second year
  • Cost for comparison - 8.5% APRC

See full details for fee details, documents you'll need, and more.

6.84% JBSP 1.60% Discounted Rate from follow on rate for 2 years (XD0216)

6.84% 8.44% 8.6%APRC
  • Interest-Only
80% £599~ £500 cashback for remortgages^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing guarantor mortgages.
  • Discount - 1.60% applied to our Managed Mortgage Rate for 2 years
  • Minimum rate - 4.34% 
  • Loan to Value - Maximum 80%.
  • Application fee - £175 + Valuation Fee for purchase and remortgage applications. (£125 for further advance. £0 for product switch)
  • Valuation fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advance. £0 for product switch)
  • ~Product fee - £599 for loans up to £500,000. (£0 for further advance. £0 for product switch)
  • Maximum loan  - £500,000
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.         
  • Additional benefits:
    ^Cashback - £500 cashback on completion for remortgage applications
  • Early Repayment Charges - 2% for the first year, 1% for the second year
  • Cost for comparison - 8.6% APRC

See full details for fee details, documents you'll need, and more.

Comparing two mortgage products

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Note that products are subject to additional terms and subject to change. See a product's full details to find out more.