"Their product options help address a number of challenges that our Help Desk regularly face from brokers particularly in relation to first time buyers"
The Family Building Society's products include the Family Mortgage, which allows family members to combine their finances and housing equity to secure a 95% LTV mortgage and reduce payment costs without necessarily using a gifted cash deposit.
The Retirement Lifestyle Booster Mortgage similarly gives homeowners over 60 who are not looking to downsize or a ‘traditional’ equity release option, a regular monthly sum for 10 years, even if they have a small mortgage outstanding.
Connect for Intermediaries Sales Director, Kevin Thomson, said: “We are delighted to welcome the Family Building Society to our panel. Their product options help address a number of challenges that our Help Desk regularly face from brokers particularly in relation to first time buyers and clients looking to borrow into retirement. It also gives our specialist ex pat team another buy to let solution meaning we can now help brokers place even more enquiries by accessing the best mortgage solution from a panel of 35 ex pat lenders.”
“The smaller societies have shown innovative solutions to the issues facing clients in today's housing climate and the Family Building Society clearly demonstrates that with their product range and I am confident that their products will be warmly received by our broker community.”
The Family Building Society Head of Intermediary Sales, Cammy Amaira, added: “Joining the Connect for Intermediaries panel is a great opportunity for the Family Building Society. Like us, they really know and understand the needs of the challenges faced by first time buyers and older borrowers – an underserved market that we have been helping for many years through our innovative product suite and philosophy of individual underwriting.”
