New 100% LTV loan introduced by Family BS

February 16, 2026 by Brendan O'Neill

Lenders

Family Building Society is introducing a beefed-up version of its Family Mortgage product, which will come with a maximum loan to value (LTV) of 100%.

The lender is targeting this version of the product at those moving home or buying for the first time and who are getting financial help from their families. It comes with a fixed five-year rate of 5.19%. There are no fees attached up to a maximum of 5.33 x LTI. The top sum that people will be able to borrow is £750,000, and only purchase mortgage applicants will be eligible for it.

Another aspect of this particular product that should make it appealing to first-time buyers is the optional nature of the deposit. They can choose not to place one if they prefer.

When it comes to how their families can offer security against the mortgage, there are two choices. They can put their savings into one of the Family Security accounts provided by Family BS, where they will earn interest, or they can use their own homes as collateral.

Whichever option they pick must amount to 20% of the value of the property being bought though. When the mortgage has been fully repaid, the building society will release the security.

Family Building Society’s intermediary sales head is Darren Deacon. He said to Financial Reporter that:

“Today’s launch of our enhanced Family Mortgage is a natural evolution in its development and reflects the help that is even more necessary today for first-time buyers and next steppers.”

This will interest many mortgage advisors with CeMAP training.