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National Counties Building Society |
The foundation of National Counties can be traced to 1896. Its headquarters
is at Epsom
,
Church Street. Today the Society serves over 43,000 customers throughout the UK. It has almost £850 million in assets, and reserves of over £100 million. National Counties Building Society is an independent mutual organisation and is run for the benefit of its customers.
National Counties has the following types of mortgages:
- Standard Variable Rate
- Fixed
- Tracker
- Flexible
- Residential Investment
- Adaptable Lifetime Mortgage
Standard Variable Rate: you will be charged at the Society's standard variable rate for the entire mortgage term.
Fixed: your mortgage will be set at a fixed rate for an agreed interval. After the fixed rate period is over your mortgage will be set at the Society's standard variable rate.
- An early repayment charge applies
Tracker: your starting rate will be set according to the Bank of England Base Rate for a 5 year period. After the tracker rate period concludes your rate will be set at the Society's standard variable rate.
- An early repayment charge applies
Flexible Mortgage: this is set at discount off the Society's standard variable rate for a one year period. Then your rate will convert to the Society's standard variable rate.
- An early repayment charge applies
- You can make overpayments or underpayments, and even take a payment holiday as long as you have made enough previous overpayments
Residential Investment: you can choose between 3 types of mortgage product:
- Variable Base
- Fixed Rate
- 5 Yr BoE rate tracker
- After the initial period has finished your mortgage rate will convert to the Society's residential investment standard variable rate.
National Counties also have the following types of re- mortgages:
- Standard Variable Rate
- Fixed
- Tracker
- Flexible
- Residential Investment
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