Monmouthshire Building Society, one of Wales’ largest financial institutions, has launched a new range of four-year fixed rate house purchase and remortgage products.
The new range is suitable for first-time buyers and other home buyers, offering competitive interest rates and up to 95 per cent loan-to-value (LTV) in the society’s local area only.
The society offers a four-year fixed rate house purchase mortgage at 3.25 per cent, with a maximum LTV of 75 per cent. The product is available for house purchases across England and Wales, with a £995 product fee which can be added to the loan.
The range also includes a 95 per cent LTV four-year fixed rate mortgage at 5.35 per cent, with no product fee. This is ideal for first-time buyers who may be finding it difficult to save up for a larger deposit.
For customers looking to switch from another lender, the society has also launched a range of competitive four-year fixed rate remortgage products, up to 90 per cent LTV, and all with no product fees, free standard valuation and free legal fees. It includes a four-year fixed rate at 3.55 per cent with a 75 per cent LTV available throughout England and Wales, and a 90 per cent LTV product with a four-year fixed rate of 4.85 per cent, available in the society’s local area only.
Chief executive Andrew Lewis commented: “The introduction of yet another extensive range of competitive fixed rate products demonstrates that we will continue to fulfil our pledge to support both local and national mortgage customers to achieve their dream of home ownership.”
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