New Range of 2 Year Fixed Rate Mortgage & Remortgage Products Launched

13 July 2015

new home

The Society has launched a new range of two year fixed rate house purchase and remortgage products.

The new house purchase product range offers competitive interest rates and up to 95% loan to value (LTV) in the Society’s local geographical area*.

The Society offers a two year fixed rate house purchase mortgage at 1.91%, with a maximum LTV of 80%. The product is available for house purchase throughout England and Wales, with free standard valuation and an £845 product fee which can be added to the loan.

The new range also includes a two year fixed rate house purchase mortgage at 3.85% with a maximum LTV of 95% with no product fee and free standard valuation, available in the Society’s local geographical area, defined as postcode areas NP, CF, SA, LD, WR, GL, HR and BS, which is ideal for first-time buyers who may be finding it difficult to save up for a larger deposit.

For those customers looking to switch their mortgage from another lender, the Society has launched two fixed rate remortgage products, which includes a two year fixed rate at 2.03%. This is available at 80% LTV throughout England and Wales with an £845 product fee. A two year fixed rate at 2.30% is also available again at 80% LTV, but with no product fee. Both of these products benefit from free legal fees via a Monmouthshire Building Society nominated Solicitor and no valuation fee.

Further information about the product range including full terms and conditions, can be found here.

Colin Strong, Head of Lending Procurement, commented: “This new product launch comes at an exciting time in the mortgage market, and I’m confident that this new raft of competitive mortgage products will be a hit with customers. Our personable and flexible approach to mortgage lending, coupled with a range of competitive products, make the Society an ideal company to do business with at every step of the mortgage journey.”

* The Society's local geographical area is defined as postcode areas: NP, CF, SA, LD, WR, GL, HR and BS. See individual product information for full terms and conditions.

Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.

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