Expert Verified
Founder:
Key Takeaways
- The Family Building Society offers innovative mortgage products that can be alternatives to traditional equity release schemes.
- They provide specialized advice on mortgages designed for older borrowers, focusing on flexibility and financial security.
- They emphasize the importance of family support and intergenerational financial planning.
- Their products include options for families to assist with mortgage payments, providing an alternative to tapping into home equity.
- The Family Building Society advises exploring all options, such as family-assisted mortgages or downsizing, before considering equity release.
The idea of releasing equity from your home is becoming increasingly popular, especially for older homeowners looking to supplement their retirement income.
As more people look to secure their financial future, the options for equity release schemes are expanding.
One such institution that may be of interest to many is The Family Building Society.
If you’re wondering whether they offer equity release in 2025, this article will delve into their offerings, the types of schemes available, and how to evaluate whether this is the right solution for you.
This article explores the following topics, drawing on our expertise in the field:
Request a FREE call back discover:
- Who offers the LOWEST rates available on the market.
- Who offers the HIGHEST release amount.
- If you qualify for equity release.
COMMENT: TimeBank.org.uk is an independent third-party data provider, and the information shared here reflects their views alone, not necessarily those of The Family Building Society. This article is for informational purposes only and should not be considered financial advice or a recommendation to engage with any products offered by The Family Building Society.
Who Are The Family Building Society?
The Family Building Society, a trading name of National Counties Building Society, is a UK-based financial institution that offers savings accounts and prides itself on providing 'innovative and flexible mortgage products'.link
Does The Family Building Society Offer Equity Release?
The Family Building Society does not offer equity release at this time.
However, it may be worth looking at their later-life lending options.
Does The Family Building Society Offer Equity Release Alternatives?
Yes, The Family Building Society does offer equity release alternatives in the form of various mortgage types available to older borrowers.
These include:
- Owner-Occupier mortgages
- Retirement Interest-Only (RIO) mortgages
- Buy-to-Let mortgages
- Joint Borrower Sole Proprietor (JBSP) mortgage arrangements
Let's take a look at each of these options.
Owner-Occupier Mortgages
Retirement Interest-Only (RIO) Mortgages
Buy-to-Let Mortgages
Joint Borrower Sole Proprietor (JBSP) Mortgage Arrangements
Comparing Their Main Alternative to Equity Release
Comparing their main alternative to equity release may help you narrow down your options for later-life lending.
To get you started, here's a quick look at The Family Building Society's RIO mortgage versus equity release lifetime mortgages.
| TFBS RIO mortgage | Lifetime mortgages | |
|---|---|---|
| Applicant minimum age | 55 | Usually 55 |
| Minimum property value | £120,000 | Often starts at £70,000, but depends on provider guidelines |
| Monthly interest payments required | Yes | Not unless you choose to make repayments |
| Interest rolls up | No | Yes, unless repayments are made |
| Affordability assessments | Yes, including separate checks in case one partner passes away | No |
| Stay in your home | Yes | Yes |
Could The Family Building Society's Alternative to Equity Release Be Right for You?
Benefits of The Family Building Society's Equity Release Alternative
Drawbacks to The Family Building Society's Equity Release Alternative
Consulting an Advisor
How Did We Review The Family Building Society?
The Family Building Society Client Reviews
Contact The Family Building Society
The Family Building Society's Regulatory Details
The Family Building Society's regulatory details may be useful if you're considering their products.
Please note that this firm is a trading name of National Counties Building Society, so the information listed here is that of this Building Society.
Trading Names
- Family Building Society
- NCBS
- National Counties Building Society
FCA Permitted Services
- Accepting Deposits
- Arranging (bringing about) deals in investments
- Making arrangements with a view to transactions in investments
- Administering a regulated mortgage contract
- Advising on regulated mortgage contracts
- Arranging (bringing about) regulated mortgage contracts
- Entering into a regulated mortgage contract as lender
- Making arrangements with a view to regulated mortgage contracts
- Making arrangements with a view to transactions in investments
- Dealing in investments as principal
- Making arrangements with a view to transactions in investments
Regulators
- The Financial Conduct Authority
- The Prudential Regulation Authority
Registration Numbers
- Mutuals Registration Number: 218B
- PRA FRN: 206080
FCA & Mutuals Public Register Link
Common Questions
Does The Family Building Society offer lifetime mortgages?
How do I qualify for equity release through The Family Building Society?
Is equity release taxable?
What is the impact of equity release on inheritance?
Are there alternatives to equity release?
Conclusion
In 2025, The Family Building Society does not offer direct equity release products but works with third-party specialists who can help guide you through the process.
Equity release can provide a valuable solution for homeowners seeking additional funds in retirement, but it’s crucial to fully understand the costs and implications before committing.
Speak to a financial advisor and explore your options to find the most suitable financial product for your needs.
