Monmouthshire Building Society has launched a range of five year fixed rate house purchase and remortgage products ready for the start of the summer.
The society offers a five year fixed rate house purchase mortgage at 3.39 per cent, with a maximum loan-to value (LTV) of 75 per cent available for house purchase across England and Wales, with a £995 product fee which can be added to the loan.
This range of new products also includes a 95 per cent LTV five year fixed rate mortgage at 5.49 per cent, with no product fee which is ideal for first-time buyers who may be finding it difficult to save up for a larger deposit. This product is only available for people living in the local Monmouthshire area – the society is based in Newport, Wales.
For those customers looking to switch their mortgage from another lender, the society has launched a range of competitive five year fixed rate remortgage products, up to 90 per cent LTV, and all with no product fees, free standard valuation and free legal fees if you use the society’s appointed solicitors.
There is a five year fixed rate at 3.69 per cent with a 75 per cent LTV available throughout England and Wales, and a 90 per cent LTV product with a five year fixed rate of 4.99 per cent available in the local area only.
Andrew Lewis, chief executive of Monmouthshire Building Society, said: “The society has maintained a strong reputation for supporting first-time buyers, as well as offering competitive options for those who may be thinking of remortgaging or moving home.
“The introduction of our 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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