Which? uses cookies to improve our sites and by continuing you agree to our cookies policy.

The Family Building Society Fixed 2.19% until 29/02/2020

The Family Building Society Fixed 2.19% until 29/02/2020
Overpayments allowed Portable Initial rate Reverts to Max LTV
Whether the deal allows you to pay more than you have to each month so you can pay your mortgage off more quickly and save on interest.
Whether the deal can be transferred to a new property if you move so you don’t have to pay charges for paying the mortgage off early.
The interest rate you'll pay during the initial deal period.
The interest rate you'll pay once the initial deal period ends.
The maximum amount you can borrow as a percentage of the property value.
Yes Yes 2.19% 4.54% 80.0%

Assumed borrowing of £125,000 over 25 years, representative 4.3% APRC. Total amount payable: £203,133.82. Includes interest of £76,959.82, Valuation fee of £0, Booking fee of £175 and Administration fee of £999. Repayments: 25 monthly repayments of £541.46 at 2.19% (fixed), then 275 monthly repayments of £685.18 at 4.54% (variable).

The Family Building Society customer satisfaction scorecard:

How do we work this out?
Clarity of statements Flexibility of payments Transparency of charges Customer service Overall customer score
n/a n/a n/a n/a

Not rated

n/a = sample size is too small.

We have not been able to rate this provider as our customer satisfaction survey didn't generate a big enough sample of its customers but we aim to rate as many providers as possible

Eligibility

Maximum age N/A
Minimum age 18
Location England, Wales
Restricted location note N/A
Existing customer note N/A
Eligibility notes N/A

Mortgage product details

Mortgage types Purchase, Remortgage, First time buyer
Deal type Fixed
Tracker type N/A
Payment options Repayment

Mortgage product features

Overpayments allowed Yes
Overpayment limits note Up to 10% of the original advance may be made in each year following completion without any early repayment charge being applied
Offset mortgage No
Help to Buy mortgage No
Shared ownership mortgage No
Shared equity mortgage No
New-build mortgage No
Self-build mortgage No
Portable mortgage Yes

Product fees

Arrangement fee £999
Arrangement fee can be added to loan Yes
Booking fee £175
Telegraphic transfer fee £30
Insurance fee £0
Other fees £0

Rate information

Minimum borrowing amount £45,000
Maximum borrowing amount £500,000
Minimum term (years) 5
Maximum term (years) 40
Initial deal end date 29.02.20
Initial deal length (months) 24
APRC 4.25%
Initial rate 2.19%
Revert-to rate 4.54%
Maximum LTV 80.0%

Other charges

Exit fees £75
Valuation admin fee £125
Valuation fee N/A
Early repayment note 2% then 1% until end of fixed period

Standard benefits

Valuation admin fee excluded from any refund offer Yes
Maximum free valuation £175
Cash back amount £0
Further notes about benefits Free in-house legals for Remortgages or £250 cashback where Family BS can't act.

Remortgage benefits

Cash back on legal fees No
Free legal work Yes
Valuation offer Free

Purchase mortgage benefits

Cash back on legal fees No
Free legal work No
Valuation offer Free