National Counties and Family Building Society - Mortgage Product Changes
16 June 2015
With effect from Tuesday 16 June the changes below will be made to our mortgage product range & processing fee.
Family Building Society products are available to intermediaries via National Counties Building Society.
Changes to Processing fee:
The administration fee part of our processing fee is changing from £125 to £175 for OO & RI purchase and remortgage applications. This change applies to NCBS and FBS products.
The change to the administration fee means that our new processing fee scale is as below.
Withdrawal from all new business:
Owner Occupier
- 2.59% fixed rate to 31 August 2017 (F257 & F258)
- 2.79% fixed rate to 31 August 2018 (F259 & F260)
- 2.79% fixed rate to 31 August 2018 (FBS) (XF0017 & XF0018)
- 3.39% fixed rate to 31 July 2020 (F265 & F266)
- 3.39% fixed rate to 31 July 2020 (FBS) (XF0019 & XF0020)
- Family Mortgage 3.29% fixed rate to 30 June 2018 (XF0013)
- Family Mortgage 3.79% fixed rate to 30 June 2020 (XF0014)
- Low Start Mortgage 1.39% / 2.79% / 4.09% stepped fixed rate for 5 years (XF0015 & XF0016)
- 1.80% & 1.30% discounts for 3 years (E32, E33, E34 & E35)
Residential Investment
- 1.85% discount for 3 years (E38)
The above RI changes follow on from last week’s withdrawal of our 3.69% fixed rate to 31 July 2018 (F268).
Applications for withdrawn products will be accepted until Thursday 25 June.
Launched for applications submitted directly or via an intermediary:
Owner Occupier
- 2.59% fixed rate to 30 November 2017 (F273 & F274)
- 2.79% fixed rate to 31 October 2018 (F275 & F276)
- 2.79% fixed rate to 31 October 2018 (FBS) (XF0025 & XF0026)
- 3.09% fixed rate to 31 October 2020 (F281 & F282)
- 3.09% fixed rate to 31 October 2020 (FBS) (XF0027 & XF0028)
- Family Mortgage 3.14% fixed rate to 30 September 2018 (FBS) (XF0021)
- Family Mortgage 3.44% fixed rate to 30 September 2020 (FBS) (XF0022)
- Low Start Mortgage 0.99% / 1.99% / 3.99% stepped fixed rate for 5 years (FBS) (XF0023 & XF0024)
- 2.50% & 2.00% discounts for 3 years (E40, E41, E42 & E43)
- 2.20% & 1.70% discounts for 5 years (E46, E47, E48 & E49)
Residential Investment
- 2.55% discount for 3 years (E52)
- 2.15% discount for 5 years (E54)
Full details of the above new products 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.
