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Mortgage products - On Wednesday 8 May we launched a new range of Owner Occupier and Buy to Let Fixed Rate mortgage products. The updated product range includes products available for purchase, remortgage, further advance and product switch applications. Further information can be found here.
4.99% JBSP 5 Year Fixed Rate to 31/10/2029 (XF0801)
Key things to bear in mind
- 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
Representative example
More downloads & what you'll need to apply
Identification
Bank statements
If you're renting your current home you'll need:
• 12 months statements showing rent payments.
If you already have a mortgage you'll need:
• Proof of mortgage payments - we carry out an electronic credit check on all applicants which usually confirms this. However if this fails, we will need proof. This can be provided from 12 months bank statements, the latest mortgage statements, or a combination. To speed up our underwriting, you can provide these on submission.
Proof of income
• 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
• Evidence of deposit in an account held by the applicant(s)
• For gifted deposits, we require evidence of the funds in a UK account and the giftors details (name, date of birth, relationship to applicants).
If you already let a property you'll need:
• Evidence of rent being paid in and mortgage being paid out (bank statements requested above may already cover this).
Case Study - Helping first time buyers get on the ladder
Greg, a financial services professional, was keen to buy his first home in Bournemouth. This, however, was proving to be harder than he had thought.
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
...or ask the way that suits you.
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