The 10-year fixed rate product has a completion deadline of 1 May 2012, a minimum mortgage term of 10 years and the ability to repay up to 10% of the original advance per annum.
Keith Barber, associate director business development at National Counties, said: “Rises in the cost of living, coupled with increasing demands on family finances to help support younger generations and lower returns from pension funds than we’ve been used to in the past, mean that it is understandable that increasing numbers of people are approaching, or are in retirement, with mortgages and other loans outstanding.
“Our 10-year fixed rate remortgage product can help people put in place a structured and affordable repayment plan which offers the reassurance of known monthly repayments due to the fixed interest rate.
“We take our lending responsibilities very seriously and our experienced underwriters individually assess each application.
“This approach enables us to look at each case on its merits. We are committed to offering solutions which will support existing homeowners at a time when family finances are under pressure.”
