Family Building Society celebrates five years of trading

Michael Lloyd

July 26, 2019

This month Family Building Society is celebrating five years of trading.

Since launching in 2014 it has completed over 3,500 new mortgages and its mortgage balance has grown from nil to over £1bn in five years.

Mark Bogard, (pictured) chief executive of the Family Building Society, said: “Families across the generations face increasingly complex financial circumstances and need innovative products to help them.

“That’s exactly what we have been doing for the last five years.

“While some in the market make grand announcements that ‘something must be done’ to help older borrowers and first-time buyers, and bemoan the lack of innovation in savings products, I’m proud of the progress we’ve made in quietly getting on with doing it.

“The growth of our lending book and the success of our Windfall Bond and tracker products shows that the proof of the pudding is in the eating!”

The society has invested £10m in the domestic property market through the rental sector.

It has campaigned on behalf of families, partnering with the London School of Economics to highlight the suffocating effects of stamp duty on the housing market, and the complicated and undocumented relationship of the Bank of Mum and Dad.

Sign up to our daily email