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Family Building Society


Family Building Society take a personal approach to assessing any mortgage application and each one is reviewed individually by one of their underwriters.

Family offer a range of fixed rate and discounted rate retirement interest-only (RIO) mortgage for new customers. Their range is only available to the over 65s and the society will lend up to 50% of the value of the property (the LTV). The minimum loan size is £45,000 for new customers.

Application, valuation and product fees may apply – depending upon the mortgage you choose and there are cashbacks on offer and help with legal fees if you are remortgaging.

One of the discounted rate mortgages also offers the ability to make overpayments of up to 10% p.a.

Family offer generous terms where other lenders often don’t – lending up to a 5-year term to a 90-year old and up to a 25-year term for a 70-year old for example. Regarding affordability, they take into account earned income up to age 70 and pension income beyond that.

Do the high street banks offer lifetime mortgages?

The ‘big 6’ high street banks - that is Halifax, Barclays, Lloyds, HSBC, Santander and Royal Bank of Scotland (RBS) don’t currently offer lifetime mortgages or other equity release plans themselves.

Recently, Nationwide entered the lifetime mortgage market but instead of offering its own range of plans, it refers its members to Pure Retirement

Call us anytime

We understand that with different options to choose from, it can be difficult to find the right home reversion plan provider for you. That’s why our team of expert and impartial advisers are on hand to answer all your questions and find the right solution for you.

It costs nothing to give us a call and the first and only person you’ll speak to is your local adviser. That’s because we don’t have call centres. Just highly qualified and experienced advisers ready to help you.