The building society is offering a two year fixed rate mortgage at 1.99% up to 80% LTV and a two year fix at 2.80% up to 95% LTV, available in the Society’s local geographical area, covering much of South Wales and the South West of England.
Colin Strong, Head of Lending Procurement, commented:
“This new suite of two year remortgage products has been launched to target our existing borrowers who are looking for a rate switch and who wish to safeguard against any potential rate changes. With our personable approach to mortgages, I’m sure these new products will be a hit with many of our existing customers.”
Monmouthshire has also launched a new range of two year fixed rate Buy to Let house purchase and remortgage products.
The Society has a two year fixed rate buy to let purchase mortgage at 3.25%, with a maximum LTV of 75%.
The range of new products also includes a 60% LTV two year fixed rate buy to let purchase mortgage at 2.30%, with an £840 product fee.
For customers looking to switch their mortgage from another lender, the Society has also launched a range of two year fixed rate remortgage products with free standard valuation and free legal fees. The product range includes a two year fixed rate at 3.60% with a 75% LTV, and a 60% LTV product with a two year fixed rate of 2.99%.
Colin Strong, Head of Lending Procurement, commented:
“The Society has an enviable reputation for offering value for money Buy to Let products and this new range is no exception. The combination of low product fees, competitive interest rates and the added benefit of a free valuation in some cases, means that these products will prove very attractive to Buy to Let Landlords.”
Last year, the Society announced that in the twelve months to 30th April 2014, it experienced 10.3% growth, whilst profit after tax reached £4.0m. In September 2014, the Society announced the achievement of one billion pounds in assets.
