The Newport-based building society offers a two year discount house purchase mortgage at 1.65%, with a maximum LTV of 80%. The product is available for house purchase throughout England and Wales, with an £845 product fee which can be added to the loan.
The new range also includes a two year discount house purchase mortgage at 3.75% with a maximum LTV of 95%, available in the Society’s local geographical area.
For those customers looking to switch their mortgage from another lender, the Society has launched a number of two year discount remortgage products, including a two year discount rate at 1.90% with an 80% LTV available throughout England and Wales with an £845 product fee; and a two year fixed rate at 2.75% with a 90% LTV available in the Society’s local area only, with no product fee, no valuation fee and free legal fees via a Monmouthshire Building Society nominated Solicitor.
The Society has also launched a new range of two year Buy to Let house purchase discount and remortgage discount products.
Monmouthshire is offering a two year buy to let purchase discount mortgage at 2.65%, with a maximum LTV of 75%. The product comes with a £399 product fee which can be added to the loan.
The range of new products also includes a 60% LTV two year buy to let purchase discount mortgage at 2.05%, with a £399 product fee which can be added to the loan.
The product range includes a two year buy to let remortgage discount at 2.95% with a 75% LTV, and a 60% LTV product with a two year fixed rate of 2.15%, both of which are available in the Society’s local area only.
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 and legal fees in some cases, means that these products will prove very attractive to Buy to Let Landlords.”
