The Family Building Society Equity Release
The Family Building Society Lifetime Mortgage Review
Are You Considering The Family Building Society Equity Release? What are the Pros, Cons & Costs? Discover If The Family Building Society Lifetime Mortgage Plans are for You.
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The Family Building Society Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is The Family Building Society equity release the best?
As experts in the equity release field (we’ve reviewed over 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
What Is Equity Release?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Learn More: What’s Equity Release?
How Does Equity Release Work
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
What About the The Family Building Society Equity Release Calculator?
Before you consider using the The Family Building Society equity release calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through The Family Building Society. So first use this calculator below & see how much you can release.
How Much Can You Release?
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The Family Building Society's Equity Release & Lifetime Mortgage Schemes
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Who Are The Family Building Society?
The Family Building Society is a trading name of National Counties Building Society, based in Epsom, Surrey, in the UK. It is a member of the Building Societies Association.
The brand was created by the National Counties Building Society and opened on 14 July 2014. The society claims it was the first building society to launch in the United Kingdom since the Ecology Building Society was established in 1981, however in fact it is just an additional trading name of an existing building society. Members of the Family Building Society are members of National Counties Building Society, and vice versa.
National Counties Building Society, which has been safely managing people’s money and assisting homebuyers since 1896, is known as Family Building Society.
They provide a professional service to over 47,000 consumers in England and Wales from their headquarters in Epsom, Surrey. Because we are a mutual building society, we are owned and administered for the benefit of our savings and borrowing members. They have no shareholders, thus all of their revenues are reinvested in the Society to benefit its members.
Their goal is to be the #1 choice for mortgages and savings for families. They believe that families who work together across generations should have access to savings and mortgage options backed by exceptional personal service and cutting-edge products.
30 Church Street
KT17 4NLK T 1 7 4 N L
- Family Building Society
- National Counties Building Society
FCA Permitted Services
- Mortgages & Home Finance
- Other Services
- Financial Conduct Authority
- Financial Services Authority
- FCA Ref Number: 206080
- FCA Reg Number: 0000218B
The Family Building Society Info
Got Questions About The Family Building Society & Lifetime Mortgages? Check These First
Is The Family Building Society A Member of the Equity Release Council?
The Family Building Society is a member of the Equity Release Council. It also offers a range of products that can help you release cash from your home.
What Are The Family Building Society's Interest Rates?
As with most equity release lenders, the Family Building Society’s products are offered at both fixed and variable rates.
The current range of variable rate products is extremely competitively priced. For example, there’s currently a one-year discount variable rate that offers an APR of 3.2% (3.1% monthly), while the five-year plan has a rate of 3.7%.
There’s also a fixed rate deal offering an APR of 4.4% for three years, while the five-year product has an APR of 5.3%.
Who Owns The Family Building Society?
The business has been owned by the Provincial Building Society for 50 years, but you can now apply for one of its mortgages directly through The Family.
Where is The Family Building Society Located?
Headquartered in Altrincham, Greater Manchester, The Family is a UK-based lender and it provides mortgages directly to consumers.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
Most send us a personal thank you because we do such an incredible job.
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
See how much you can release today!