National Counties and Family Building Society - Press Release - Mortgage Product Changes

07 September 2016

With effect from Wednesday 7th September 2016 the changes below will be made to our mortgage product range.

Family Building Society products are available to intermediaries via National Counties Building Society.

Withdrawal from all new business:

Owner Occupier

Buy to Let

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Launched for applications submitted directly or via an intermediary:

Owner Occupier

1.99% fixed rate to 31 January 2019 (F327)
2.29% and 2.79% fixed rates to 31 January 2020 (F328 and XF0053)
2.39% fixed rate to 31 January 2022 with a £1,495 fee (free valuation fee and non-standard fee structure - please see the note about this in the "Information on non standard fee structure for our 5 year fixed rates" section below) (F333 and XF0054)
2.59% fixed rate to 31 January 2022 with a £195 fee (free valuation fee and non-standard fee structure - please see the note about this in the "Information on non-standard fee structure for our 5 year fixed rates" section below) (F334 and XF0055)
Family Mortgage 2.69% fixed rate to 28 February 2020 (XF0051)
Family Mortgage 2.89% fixed rate to 28 February 2022 (XF0052)
2 year Offset Mortgage 2.45% discount (XO0004)
2.20% and 1.70% discounts for 3 years (E84 and E85)
1.90% and 1.40% discounts for 5 years (E88 and E89)

Buy to Let*

3.49% fixed rate to 28 February 2022 with a £195 fee (with a refunded valuation fee and non-standard fee structure - please see the note about this in the "Information on non-standard fee structure for our 5 year fixed rates" section below) up to 70% LTV (F337)
3.29% fixed rate to 28 February 2022 with a £1,495 fee (with refunded valuation fee and non-standard fee structure - please see the note about this in the "Information on non-standard fee structure for our 5 year fixed rates" section below) up to 70% LTV (F338)
2.35% discount for 3 years (E94)
2.15% discount for 5 years (E96)

*Please note that all of our Buy to Let products are available to limited companies.

Applications for the withdrawn products will be accepted up to and including Friday 16 September.

Additional information on non-standard fee structure for our 5 year fixed rates only:

For both Owner Occupier and Buy to Let Mortgages only:

Free (in-house) legals are included for remortgages (or £250 cashback where we can't act)

For Owner Occupier Mortgages:

For both purchase and remortgage a free valuation for properties up to £500,000 is included
For properties above £500,000 the customer must pay the difference between the valuation cost and £360
For applications over £350,000, a product fee of 0.75% of the advance applies

For Buy to Let Mortgages:

For both purchase and remortgage a refund of the valuation fee on completion for properties up to £500,000 is included

The grids providing all product details are attached.

Customers can contact the National Counties New Business Team on 03300 243414 or visit www.ncbs.co.uk should they require any further information.