As an existing borrower with National Counties, when you move home you can select a mortgage from our current range of mortgages or take your current mortgage with you - this is known as 'porting'. If you port your mortgage, any additional borrowing must be taken using a mortgage from our current range of award winning Family Building Society products for existing mortgage customers.
As you already have a mortgage with us the application process should be quick and our Mortgage Account Service team will be happy to answer any queries you may have along the way.
**Existing Borrower Mortgage Saving**
As an exclusive benefit for our existing borrowers, who are moving home and taking out a new owner occupier mortgage with us, you do not have to pay a valuation fee for a property value of up to £500,000 and the valuation fee will be discounted by £330 if your property value is above £500,000. After successful completion of the porting application we will also refund the £175 application fee.
Early Repayment Charges
If your existing mortgage product includes an Early Repayment Charge, by changing your mortgage product you will incur this charge. To avoid this, and as long as the property you are moving to meets our standard lending criteria, you can apply to transfer your existing mortgage product terms to a new mortgage on the new property. Provided your sale and purchase take place at the same time, no Early Repayment Charge will be payable.
If you intend to repay part of your existing mortgage when you move please remember to check the terms to establish how much the Early Repayment Charge will be. The charge will only be applied to the amount of the loan repaid.
Alternatively, if you require a larger loan than you have at the moment you can select a new product from those currently available for property purchase from our current range of Family Building Society products for the additional borrowing you need.
Whichever route is right for you please remember to apply for your new mortgage in good time.
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: Contact us - Call me back.
THE MORTGAGE WILL BE SECURED ON YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE