NCBS - National Counties Building Society
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Family First Guarantor Mortgage

Family First guarantor mortgage - interest calculated annually

 Product description Family First Guarantor Mortgage
4.69% Fixed Rate to 30/09/2014
 Followed by our standard
variable rate, currently		 4.69%
The overall cost for
comparison is 		  5.0% APR
Completion fee £495
Purchase or Remortgage Purchase
(Family First Guarantor Mortgages only)
Maximum Loan to Value 

95% of purchase price or value (whichever is lower)
 subject to a charge over the guarantor's main residence,
75% without this additional security 

Assistance with Legal
Fees 		 No
Processing charge
payable on application		 Yes
Reservation fee
payable on application 		 No 
Early Repayment charges 3% to 30/09/2012, 2% to 30/09/2013, 1% to 30/09/2014 
 Completion deadline  1 May 2012

 

Where the loan to value (LTV) ratio exceeds our standard maximum of 75% a parent or grandparent will be required to act as guarantor, providing additional security by granting the Society an unlimited charge over their main residence. The guarantors' main residence must have sufficient equity (the difference between the property's value and any existing mortgage or other loan(s) already secured on it) to cover the amount of your mortgage that is above our standard maximum LTV. Overall, the total of the secured borrowing due to all lenders across both your and your guarantors' properties must not exceed 75% of the combined value of the two properties.

It should be remembered that, in the event that you are unable to meet your monthly payments, your guarantor is liable for the full monthly mortgage payments due and this liability will be secured on their home. For their protection, the guarantor will, therefore, be required to take independent legal advice to fully explain their liability prior to completion of the mortgage.

This product provides £250 cashback on completion of your purchase.

To apply for this product please call our Customer Centre on 01372 747771.
(This product is not available to apply for online)

To request an Agreement in Principle, click here

Please click here for further information on the above product

For more information about the terms of our Family First Guarantor Mortgage please click here 

Security will be required for the loan.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

Further Information

Call our customer centre

on

01372 747771

or email us at

customer centre

 

for details about additional borrowing click further advance

 

to switch to a new mortgage product click standard borrower