Monmouthshire Building Society has introduced a new 95 per cent loan to value mortgage for all home buyers in selected areas of the country.
The deal, which is also open to new-build house purchasers, has been listed as a ‘best buy’ mortgage by the Moneyfacts Group, who found that the Society’s three year fixed rate house purchase mortgage at 2.65 per cent is currently the lowest rate in this sector.
It is available for house purchase only, with a £995 fee, which can be added to the loan.
The range of new products also includes a three year fixed rate mortgage of 2.40 per cent, with a £995 product fee which can be added to the loan, and a two year variable discount product which has a rate of 2.23 per cent for the first two years.
For those customers looking to switch their mortgage from another lender, the Society offers competitive remortgage products, some of which require as little as 10 per cent deposit with no product fees and free standard valuation and legal fees. The product range includes a 3 year fixed rate at 3.30 per cent and a two year variable discount rate of 2.75 per cent, again with no product fees and free standard valuation and legal fees.
Andrew Lewis, Chief Executive, said: “We are committed to supporting first time buyers in achieving their dream of owning their own home, as well as offering competitive options for those who already own their property but who may be thinking of remortgaging or moving home.”
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