With effect Wednesday 11th June the changes below will be made to our mortgage product range
11 June 2014
Completion deadline extended to 1 November 2014 for:
3.99% fixed rate to 28 February 2022 (F204)
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Change to fees assisted remortgage incentives package for all remortgage products:
Currently £100 is paid on application and the valuation is free. New arrangements are that the processing fee is paid on application in line with our standard fee scale with the valuation fee (up to a maximum of £360) is refunded on completion of the mortgage.
This change should be reflected in all new remortgage products and across remortgage products not being withdrawn being the following:
3.99% fixed rate to 28 February 2022 (F204)
2.60% 2 year discount for remortgage (E23)
BRT + 2.49% & 2.79% for 3 years (B24 & B26)
No changes have been to paid to the free legals incentive that forms part of this package.
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Withdrawal from all new business:
Owner Occupier
2.49% fixed rate to 31 August 2016 (F230 & F231)
3.29% & 3.59% fixed rates to 31 July 2017 (F220, F221, F222 & F223)
3.89% & 4.19% fixed rates to 31 July 2019 (F224, F225, F226 & F227)
FFGM 4.19% fixed rate to 31 August 2017 (F228)
2.00% & 1.70% discount for 3 years (E24, E25, E26 & E27)
Residential investment
5.29% fixed rates to 30 November 2018 (F206)
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Launched for applications submitted directly or via an intermediary:
OWNER OCCUPIER TWO YEAR FIXED RATES
OWNER OCCUPIER BORROWING UP TO 80% LTV (fees assisted remortgage F233)
Initial rate: 2.99% fixed rate to 31 October 2016
Interest calculated: Monthly
Follow on rate: National Counties’ monthly standard variable rate, currently 4.79%
ERCs: 2% until 31 October 2015, 1% until 31 October 2016 with usual 10% pa ERC free allowance.
Reservation fee: None
Processing fee: Standard fee scale (valuation fee refunded on completion up to a maximum of £360)
Completion fee: £895 for new mortgages, £nil for additional borrowing or product switch (cost of transfer for existing customers is £125 product switch fee only)
Purpose: Remortgage with new "fees assisted" package
Repayment methods: Repayment only
Conditional insurances: None
Minimum loan: £45,000
Maximum loan: Usual limits apply
Completion deadline: 1 November 2014
Cashback: None
Additional criteria: For applications between 75% & 80% LTV reduced income cap applies and applicants must be able to evidence 12 months repayment history, mortgage or rental.
Distribution: Direct (Customer Centre or online) or via an Intermediary
Procuration fee: 0.20% of initial advance (min £100)
OWNER OCCUPIER BORROWING UP TO 80% LTV (fees payable purchase F234)
Initial rate: 2.99% fixed rate to 31 October 2016
Interest calculated: Monthly
Follow on rate: National Counties’ monthly standard variable rate, currently 4.79%
ERCs: 2% until 31 October 2015, 1% until 31 October 2016 with usual 10% pa ERC free allowance.
Reservation fee: None
Processing fee: Standard fee scale
Completion fee: £895 for new mortgages
Purpose: Purchase with full fees payable by applicant
Repayment methods: Repayment only
Conditional insurances: None
Minimum loan: £45,000
Maximum loan: Usual limits apply
Completion deadline: 1 November 2014
Cashback: None
Additional criteria: For applications between 75% & 80% LTV reduced income cap applies and applicants must be able to evidence 12 months repayment history, mortgage or rental.
Distribution: Direct (Customer Centre or online) or via an Intermediary
Procuration fee: 0.20% of initial advance (min £100)
OWNER OCCUPIER THREE YEAR FIXED RATES
OWNER OCCUPIER BORROWING UP TO 80% LTV (fees assisted remortgage F235)
Initial rate: 3.59% fixed rate to 31 October 2017
Interest calculated: Monthly
Follow on rate: National Counties’ monthly standard variable rate, currently 4.79%
ERCs: 3% until 31 October 2015, 2% until 31 October 2016, 1% until 31 October 2017 with usual 10% pa ERC free allowance.
Reservation fee: None
Processing fee: Standard fee scale (valuation fee refunded on completion up to a maximum of £360)
Completion fee: £895 for new mortgages, £nil for additional borrowing or product switch (cost of transfer for existing customers is £125 product switch fee only)
Purpose: Remortgage with new "fees assisted" package
Repayment methods: Repayment only
Conditional insurances: None
Minimum loan: £45,000
Maximum loan: Usual limits apply
Completion deadline: 1 November 2014
Cashback: None
Additional criteria: For applications between 75% & 80% LTV reduced income cap applies and applicants must be able to evidence 12 months repayment history, mortgage or rental.
Distribution: Direct (Customer Centre or online) or via an Intermediary
Procuration fee: 0.25% of initial advance (min £100)
OWNER OCCUPIER BORROWING UP TO 80% LTV (fees payable purchase F236)
Initial rate: 3.59% fixed rate to 31 October 2017
Interest calculated: Monthly
Follow on rate: National Counties’ monthly standard variable rate, currently 4.79%
ERCs: 3% until 31 October 2015, 2% until 31 October 2016, 1% until 31 October 2017 with usual 10% pa ERC free allowance.
Reservation fee: None
Processing fee: Standard fee scale
Completion fee: £895 for new mortgages
Purpose: Purchase with full fees payable by applicant
Repayment methods: Repayment only
Conditional insurances: None
Minimum loan: £45,000
Maximum loan: Usual limits apply
Completion deadline: 1 November 2014
Cashback: None
Additional criteria: For applications between 75% & 80% LTV reduced income cap applies and applicants must be able to evidence 12 months repayment history, mortgage or rental.
Distribution: Direct (Customer Centre or online) or via an Intermediary
Procuration fee: 0.25% of initial advance (min £100)
OWNER OCCUPIER BORROWING UP TO 80% LTV (fees assisted remortgage F237)
Initial rate: 4.09% fixed rate to 31 October 2017
Interest calculated: Monthly
Follow on rate: National Counties’ monthly standard variable rate, currently 4.79%
ERCs: 3% until 31 October 2015, 2% until 31 October 2016, 1% until 31 October 2017 with usual 10% pa ERC free allowance.
Reservation fee: None
Processing fee: Standard fee scale (valuation fee refunded on completion up to a maximum of £360)
Completion fee: £895 for new mortgages, £nil for additional borrowing or product switch (cost of transfer for existing customers is £125 product switch fee only)
Purpose: Remortgage with new "fees assisted" package
Repayment methods: Interest only
Conditional insurances: None
Minimum loan: £45,000
Maximum loan: Usual limits apply
Completion deadline: 1 November 2014
Cashback: None
Additional criteria: For applications between 75% & 80% LTV reduced income cap applies and applicants must be able to evidence 12 months repayment history, mortgage or rental.
Distribution: Direct (Customer Centre or online) or via an Intermediary
Procuration fee: 0.25% of initial advance (min £100)
OWNER OCCUPIER BORROWING UP TO 80% LTV (fees payable purchase F238)
Initial rate: 4.09% fixed rate to 31 October 2017
Interest calculated: Monthly
Follow on rate: National Counties’ monthly standard variable rate, currently 4.79%
ERCs: 3% until 31 October 2015, 2% until 31 October 2016, 1% until 31 October 2017 with usual 10% pa ERC free allowance.
Reservation fee: None
Processing fee: Standard fee scale
Completion fee: £895 for new mortgages
Purpose: Purchase with full fees payable by applicant
Repayment methods: Interest only
Conditional insurances: None
Minimum loan: £45,000
Maximum loan: Usual limits apply
Completion deadline: 1 November 2014
Cashback: None
Additional criteria: For applications between 75% & 80% LTV reduced income cap applies and applicants must be able to evidence 12 months repayment history, mortgage or rental.
Distribution: Direct (Customer Centre or online) or via an Intermediary
Procuration fee: 0.25% of initial advance (min £100)
OWNER OCCUPIER FIVE YEAR FIXED RATES
OWNER OCCUPIER BORROWING UP TO 80% LTV (fees assisted remortgage F239)
Initial rate: 3.99% fixed rate to 30 November 2019
Interest calculated: Monthly
Follow on rate: National Counties’ monthly standard variable rate, currently 4.79%
ERCs: 5% until 30 November 2015, 4% until 30 November 2016, 3% until 30 November 2017, 2% until 30 November 2018, 1% until 30 November 2019 with usual 10% pa ERC free allowance.
Reservation fee: None
Processing fee: Standard fee scale (valuation fee refunded on completion up to a maximum of £360)
Completion fee: £895 for new mortgages, £nil for additional borrowing or product switch (cost of transfer for existing customers is £125 product switch fee only)
Purpose: Remortgage with new "fees assisted" package
Repayment methods: Repayment only
Conditional insurances: None
Minimum loan: £45,000
Maximum loan: Usual limits apply
Completion deadline: 1 November 2014
Cashback: None
Additional criteria: For applications between 75% & 80% LTV reduced income cap applies and applicants must be able to evidence 12 months repayment history, mortgage or rental.
Distribution: Direct (Customer Centre or online) or via an Intermediary
Procuration fee: 0.35% of initial advance (min £150)
OWNER OCCUPIER BORROWING UP TO 80% LTV (fees payable purchase F240)
Initial rate: 3.99% fixed rate to 30 November 2019
Interest calculated: Monthly
Follow on rate: National Counties’ monthly standard variable rate, currently 4.79%
ERCs: 5% until 30 November 2015, 4% until 30 November 2016, 3% until 30 November 2017, 2% until 30 November 2018, 1% until 30 November 2019 with usual 10% pa ERC free allowance.
Reservation fee: None
Processing fee: Standard fee scale
Completion fee: £895 for new mortgages
Purpose: Purchase with full fees payable by applicant
Repayment methods: Repayment only
Conditional insurances: None
Minimum loan: £45,000
Maximum loan: Usual limits apply
Completion deadline: 1 November 2014
Cashback: None
Additional criteria: For applications between 75% & 80% LTV reduced income cap applies and applicants must be able to evidence 12 months repayment history, mortgage or rental.
Distribution: Direct (Customer Centre or online) or via an Intermediary
Procuration fee: 0.35% of initial advance (min £150)
OWNER OCCUPIER BORROWING UP TO 80% LTV (fees assisted remortgage F241)
Initial rate: 4.49% fixed rate to 30 November 2019
Interest calculated: Monthly
Follow on rate: National Counties’ monthly standard variable rate, currently 4.79%
ERCs: 5% until 30 November 2015, 4% until 30 November 2016, 3% until 30 November 2017, 2% until 30 November 2018, 1% until 30 November 2019 with usual 10% pa ERC free allowance
Reservation fee: None
Processing fee: Standard fee scale (valuation fee refunded on completion up to a maximum of £360)
Completion fee: £895 for new mortgages, £nil for additional borrowing or product switch (cost of transfer for existing customers is £125 product switch fee only)
Purpose: Remortgage with new "fees assisted" package
Repayment methods: Interest only
Conditional insurances: None
Minimum loan: £45,000
Maximum loan: Usual limits apply
Completion deadline: 1 November 2014
Cashback: None
Additional criteria: For applications between 75% & 80% LTV reduced income cap applies and applicants must be able to evidence 12 months repayment history, mortgage or rental.
Distribution: Direct (Customer Centre or online) or via an Intermediary
Procuration fee: 0.35% of initial advance (min £150)
OWNER OCCUPIER BORROWING UP TO 80% LTV (fees payable purchase F242)
Initial rate: 4.49% fixed rate to 30 November 2019
Interest calculated: Monthly
Follow on rate: National Counties’ monthly standard variable rate, currently 4.79%
ERCs: 5% until 30 November 2015, 4% until 30 November 2016, 3% until 30 November 2017, 2% until 30 November 2018, 1% until 30 November 2019 with usual 10% pa ERC free allowance
Reservation fee: None
Processing fee: Standard fee scale
Completion fee: £895 for new mortgages
Purpose: Purchase with full fees payable by applicant
Repayment methods: Interest only
Conditional insurances: None
Minimum loan: £45,000
Maximum loan: Usual limits apply
Completion deadline: 1 November 2014
Cashback: None
Additional criteria: For applications between 75% & 80% LTV reduced income cap applies and applicants must be able to evidence 12 months repayment history, mortgage or rental.
Distribution: Direct (Customer Centre or online) or via an Intermediary
Procuration fee: 0.35% of initial advance (min £150)
RESIDENTIAL INVESTMENT FIVE YEAR FIXED RATE
RESIDENTIAL INVESTMENT BORROWING UP TO 60% LTV (fees payable purchase or remortgage F243)
Initial rate: 4.79% fixed rate to 30 September 2019
Interest calculation period: Monthly
Follow on rate: National Counties’ Residential Investment monthly standard variable rate, currently 5.54%
ERCs: 5% until 30 September 2015, 4% until 30 September 2016, 3% until 30 September 2017, 2% until 30 September 2018, 1% until 30 September 2019 with usual 10% pa ERC free allowance.
Reservation fee: None
Processing fee: Standard fee scale
Completion fee: £995 for new mortgages, £nil for additional borrowing or product switch (cost of transfer for existing customers is £125 product switch fee only)
Purpose: Remortgage or purchase with full fees payable by applicant
Conditional insurances: None
Minimum loan: £45,000
Maximum loan: Usual limits apply
Completion deadline: 1 November 2014
Additional criteria: None
Distribution: Direct (Customer Centre or online) or via an Intermediary
Procuration fee: 0.35% of initial advance (min £150)
Customers can contact the National Counties Customer Centre on 01372 744 155 or visit www.ncbs.co.uk should they require any further information.
ENDS
