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Tag: Family Building Society

  • Family BS Introduces HNW Interest Roll-Up Mortgage

    Family BS Introduces HNW Interest Roll-Up Mortgage

    Family Building Society has launched a new high-net-worth (HNW) interest roll-up mortgage, designed to cater to affluent borrowers with significant financial needs. This innovative product allows applicants to secure mortgages targeting those with a net annual income of at least £300,000 or net assets of £3 million. The introduction of this mortgage is significant as it provides a tailored solution for clients whose assets may be tied up in illiquid investments, offering flexibility in financing.

    TL;DR: Family Building Society’s new mortgage offers loans for high-net-worth individuals; it caters to clients needing significant finance without liquidating assets.

    What are the key features of the HNW interest roll-up mortgage?

    This new mortgage product allows for lending up to 65% loan to value (LTV), based on the projected final loan balance at the end of the term. For properties valued up to £10 million, the mortgage terms are capped at 10 years, while properties exceeding this value have a maximum term of five years. This structure is designed to accommodate the unique financial situations of high-net-worth clients.

    Who can apply for this mortgage?

    To qualify for the HNW interest roll-up mortgage, applicants must meet specific financial criteria. They need to demonstrate a net annual income of at least £300,000 or possess net assets of £3 million. This makes the product particularly suitable for affluent individuals who may have substantial assets but prefer not to liquidate them in the short term.

    What this means for brokers and high-net-worth clients

    The launch of this mortgage presents an excellent opportunity for brokers working with high-net-worth clients. As noted by Darren Deacon, head of intermediary sales at Family Building Society, this product offers a tailored, case-by-case approach that standard mortgage processes may not adequately address. Brokers can now provide their clients with significant financing options while navigating complex financial situations.

    Frequently asked questions

    What is the maximum loan amount available?

    The maximum loan amount available through the HNW interest roll-up mortgage is not specified.

    What are the eligibility criteria for this mortgage?

    Applicants must have a net annual income of at least £300,000 or net assets of at least £3 million to qualify for the mortgage.

  • Atom Bank and Family Building Society Cut Mortgage Rates

    Atom Bank and Family Building Society Cut Mortgage Rates

    Rate Reductions Announced by Atom Bank and Family Building Society

    As of 17th April 2026, Atom Bank and Family Building Society have announced significant reductions in their mortgage rates. Atom Bank has cut its rates by up to 30 basis points across its prime mortgage range, while Family Building Society has reduced its rates by 25 basis points. These rate cuts follow HSBC’s announcement of a 34 basis point reduction, alongside similar moves by Coventry and Leeds.

    Atom Bank’s prime mortgage rates now start from 5.29% for borrowers with a deposit of at least 15%. Products with up to 85% loan-to-value (LTV) have seen a 20 basis point reduction, while 90% LTV products have seen a 25 basis point reduction. Rates for 95% LTV products have been reduced by 10 basis points. These reductions follow a recent 20 basis point cut across Atom Bank’s near prime range, reflecting improved swap market conditions.

    Family Building Society Reintroduces 60% LTV Products

    Family Building Society has also announced reductions in its owner occupier and buy-to-let ranges, as well as the reintroduction of products at 60% LTV. In its buy-to-let range, two-year fixed rates have been reduced by 25 basis points and five-year fixed rates by 15 basis points. Rates for existing customers, including product transfers and further advances, have also been reduced, with buy-to-let products decreasing by up to 25 basis points.

    Family Building Society’s head of intermediary sales, Darren Deacon, has attributed these rate reductions and the reintroduction of lower LTV pricing to relative stability in the Gulf, which has been reflected in market sentiment.