NCBS - National Counties Building Society

Owner Occupier - Remortgage

Here you will find a summary of our current owner occupier products available for remortgage

Product details should be read in conjunction with our borrower's guide and our lending criteria.

Remortgage Paper Chain

FIXED INITIAL RATE


Product name

Initial interest rate

Followed by our SVR^ 
currently

The overall
cost for
comparison is

Minimum interest
rate payable

Early repayment charges

Fees

Maximum LTV^

Further details
Capital and Interest Repayment

2 year fixed rate until 31/01/2019

1.99%

4.54%

4.1% APRC

-

Yes

Yes

80%



3 year fixed rate until 31/01/2020

2.29%

4.54%

4.0% APRC

-

Yes

Yes

80%

5 year fixed rate until 31/01/2022

2.39%

4.54%

3.6% APRC

 -

 Yes

Yes

80% 

 5 year fixed rate until 31/01/2022

2.59%

4.54%

3.5% APRC 

 Yes

Yes

80% 

The above mortgages must complete by 01/03/2017.

Representative example:
A mortgage of £79,756 payable over 14 years initially on a fixed rate for 2 years at 1.99% and then on our monthly standard variable rate, currently 4.54%, for the remaining 12 years would require 27 monthly payments of £544.33 and 141 monthly payments of £626.51, plus one initial interest payment of £134.65.
The total amount payable would be £104,694.47 made up of the loan amount plus interest £23,413.47 and an application fee of £480 which includes the valuation fee, a product fee of £945 and a mortgage exit fee of £100.
The overall cost for comparison is 4.1% APRC representative.


DISCOUNT INITIAL VARIABLE RATE
 


 Product name

Initial interest rate

Followed by our SVR^
currently

The overall
cost for
comparison is


 Minimum interest
rate payable

Early repayment charges


Fees

 Maximum LTV^

Further details
 
Capital and Interest Repayment

3 year 2.20% discount

2.34%

4.54%

4.0% APRC

2.14%

Yes

 Yes

80%
 



5 year 1.90% discount

2.64%

4.54%

3.5% APRC
 

2.44%

Yes

Yes

80%

Representative example:
A mortgage of £100,000 payable over 13 years on a discounted variable rate for 3 years at 2.20% below our monthly standard variable rate and then on our monthly standard variable rate, currently 4.54%, would require 35 monthly payments of £744.08 and 121 monthly payments of £825.98 plus one initial interest payment of £198.58.
The total amount payable would be £127,764.96 made up of the loan amount plus interest £26,184.96 and an application fee of £535 which includes the valuation fee, a product fee of £945 and a mortgage exit fee of £100.
The overall cost for comparison is 4.0% APRC representative.

Interest Only
 
3 year 1.70% discount

2.84%

 4.54%

4.3% APRC
 

2.64% 

 Yes

Yes 

80% 



 

  5 year 1.40% discount

 3.14%

 4.54%

4.1% APRC
 

2.94%

 Yes

 Yes


80%

Representative example:
A mortgage of £100,000 payable over 13 years on a discounted variable rate for 3 years at 1.70% below our monthly standard variable rate and then on our monthly standard variable rate, currently 4.54%, would require 35 monthly payments of £236.67 and 121 monthly payments of £378.23 plus one initial interest payment of £241.11.
The total amount payable would be £155,870.39 made up of the loan amount plus interest £54,290.39 and an application fee of £535 which includes the valuation fee, a product fee of £945 and a mortgage exit fee of £100.
The overall cost for comparison is 4.3% APRC representative.

What is a representative example?
This is an illustration of a typical mortgage and its total cost.

FOOTNOTES
^ SVR stands for Standard Variable Rate. LTV stands for Loan To Value.

Do you need our help?
Please call us on 03300 243414 to arrange an appointment should you be in a position to apply or require advice, alternatively our customer representative may be able to answer any queries you might have. We're open Monday to Thursday: 8.00am to 6.00pm, Friday: 8.00am to 5.30pm and Saturday: 9.00am to 12.00pm. 

Alternatively if you would like us to contact you at a time of your choice please complete the call back request form on our website which can be found here: Call back request

THE MORTGAGE WILL BE SECURED ON YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

All of these mortgage products have limited funds and may be withdrawn at any time. Our mortgages are available to applicants aged 18 and over for properties in England or Wales.