The Family Building Society is a mutual organisation providing mortgages, savings, insurance and later-life financial planning solutions. Formed by the National Counties Building Society in July 2014, it is the first building society to launch in the UK in more than 30 years.
The Family Building Society is specifically designed to enable members of a family to assist each other financially. The society's flagship product is the Family Mortgage, which brings wider family assets into the mortgage calculation and allows family members to combine their finances to reduce payment costs.
National IFA Chase de Vere has been appointed to provide financial advice to its customers and Key Retirement Solutions is its equity release partner. The Epsom-based society, which has 150 staff members, had an initial capitalisation of £113m.