Mortgages

At the Monmouthshire Building Society we offer a competitive range of mortgage products, coupled with a personal, flexible approach, to make sure you find the mortgage that's right for you.

We offer various types of mortgage products suitable for house purchase, remortgage, buy-to-let and additional borrowing. Our Standard Variable Rate is currently 4.99%.

Please place your cursor over the icons in the table below for product specific information.

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HOUSE PURCHASE ONLY - DISCOUNT MORTGAGES (VARIABLE RATE)

Product Term (code) Initial
Interest
Rate %
Overall cost
for
comparison
Maximum Loan to Value* Product Fee Product Features More
2 Year
(D236)
2.29% 4.6% APRC 75% 999
  • G
  • MINMAX
  • ERC
  • CAP

Representative example:

A mortgage of £196,385 payable over 20 years initially on a discounted variable rate for 2 years at 2.70% and then on our current variable rate of 4.99% for the remaining 18 years would require 24 monthly payments of £1,059.89 and 216 monthly payments of £1,272.65

The total amount payable would be £302,064.76 made up of the loan amount plus interest (£103,944.76), product fee (£999), valuation fee (£336), legal costs (estimated £250), funds transfer (£25) and mortgage exit fees (£125).

The overall cost for comparison is 4.6% APRC representative.

REMORTGAGE ONLY - DISCOUNT MORTGAGES (VARIABLE RATE)

2 Year
(D237)
2.49% 4.5% APRC 75% Nil
  • G
  • LEGAL
  • MINMAX
  • ERC
  • CAP
  • CASH

Representative example:

A mortgage of £201,107 payable over 17 years 8 months initially on a discounted variable rate for 2 years at 2.50% and then on our current variable rate of 4.99% for the remaining 15 years 8 months would require 24 monthly payments of £1,174.45 and 188 monthly payments of £1,401.30.

The total amount payable would be £292,009.96 made up of the loan amount plus interest (£90,527.96), legals fees (estimated £250), and mortgage exit fees (£125).

The overall cost for comparison is 4.5% APRC representative.The overall cost for comparison is 4.5% APRC representative.



HOUSE PURCHASE ONLY - FIXED RATE MORTGAGES

2 Year
(F382)
2.59% 4.6% APRC 75% 999
  • G
  • MINMAX
  • ERC
  • CAP

Representative example:

A mortgage of £232,892 payable over 18 years and 11 months initially on a fixed rate for 2 years at 2.59% and then on our current variable rate of 4.99% for the remaining 16 years and 11 months would require 24 monthly payments of £1,298.81 and 203 monthly payments of £1,557.97.

The total amount payable would be £349,258.35 made up of the loan amount plus interest (£114,547.35), product fee, (£999), valuation fee (£420), legal costs (estimated £250), funds transfer fee (£25) and mortgage exit fees (£125).

The overall cost for comparison is 4.4% APRC representative.



REMORTGAGE ONLY - FIXED RATE MORTGAGES

2 Year
(F383)
2.79% 4.7% APRC 75% 999
  • G
  • HOME
  • MINMAX
  • ERC
  • CAP
  • CASH

Representative example:


A mortgage of £232,892 payable over 18 years and 11 months initially on a fixed rate for 2 years at 2.79% and then on our current variable rate of 4.99% for the remaining 16 years and 11 months would require 24 monthly payments of £1,321.56 and 203 monthly payments of £1,560.58.

The total amount payable would be £349,914.18 made up of the loan amount plus interest (£115,623.18), product fee, (£999),

legal costs (estimated £250), funds transfer fee (£25) and mortgage exit fees (£125).


The overall cost for comparison is 4.5% APRC representative.


 


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