The Family Building Society Retirement Mortgage

Contributors: Nicola Date, Katherine Read. Rachel Wait & Reviewed by Francis Hui

Are You Considering the Retirement Mortgage Scheme? What are the Eligibility Requirements, Features, Interest Rates & Scheme Options? Discover If This Equity Release Plan Is For You.

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The Family Building Society Retirement Mortgage Review

Retirement Mortgage Key Details

Type Rate APR
The Family Building Society Fixed 2.94% 4.3%

Scheme Incentives

  • Free Valuation
  • Free Application
  • Legal Fees Contribution

Scheme Offers

  • Interest Only Rate
  • Variable & Fixed Rate Options

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release scheme with all the choices available.

Or is it?

Is the The Family Building Society Retirement Mortgage, equity release scheme the best?

Don’t let your equity release dream become a nightmare!

Luckily, we’re here to guide you on the ins and outs of equity release, as you deserve only the best.

However, it’s important to remember that not all plans are suited to each individual. You need to look for one that will serve your home, your lifestyle, and the reason why you’re considering equity release in the first place.

As leading experts in the field, we’ve delved into hours of research, unpacked all the equity release plans on the market (we’ve reviewed over 250 schemes!), and discovered the best in the business.

Could the The Family Building Society Retirement Mortgage be the right equity release plan for you?
We’re here to help you:
The Family Building Society is one of the leading equity release providers on the market and might just be the answer you’ve been looking for.
Can you truly go wrong with The Family Building Society?

Let’s find out!

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.
The Family Building Society Retirement Mortgage

Scheme Background

Family Building Society. An award-winning building society that does things differently with flexible mortgage and savings products for the modern family. No matter your age, your story matters.

They continue to innovate, yet aim to retain a human touch to lending by manually underwriting all of their mortgages & providing personal advise on a variety of solutions to fit the unique needs of all their savvy savers.

Join a family of over 47,000 account holders throughout England and Wales that benefit from the personal service and innovative products of this mutual Building Society. Owned by and run for the benefit our members since 1896 and a trading name of National Counties Building Society

Trusted, reliable & the 1st choice for family mortgages & savings… That’s Family Building Society

Eligibility & Requirements

The minimum loan is £45,000 for purchase and remortgage and £2,000 for further advance. No minimum for product switches.

Scheme Features

A mortgage of £100,000.00 payable over 14 years initially on a fixed rate for 5 years at 3.49% and then on variable Managed Mortgage Rate, currently 4.39% for the remaining 9 years, would require 63 monthly payments of £290.83 and 105 monthly payments of £365.65, plus one initial interest payment of £287.70.

Valuation Features

The valuation is free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount.

Scheme Options

Application Fees

The application fee is £175 + Valuation Fee for purchase and remortgage.

Cashback Options

A cashback of £500 on completion for remortgage applications.

Editor’s Rating: 4.85

The Family Building Society's Other Equity Release Schemes

Are you looking for a specific equity release scheme?

These are some of the schemes offered by The Family Building Society.

Before You Go

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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.

rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
John Lawson

Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
kath icon

Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

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