Society Launches 2 Year Discount Purchase and Remortgage Products

23 June 2015

2 year fixed mortgages

The Society has launched a new range of two year discount 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*.

Monmouthshire Building Society offers a two year discounted house purchase mortgage at 1.65%, with a maximum LTV of 80%. The product is available for house purchase across England and Wales.

The new range also includes a two year discounted house purchase mortgage at 3.95% with a maximum LTV of 95% which is also available in the Society’s local geographical area and 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 for customers across England and Wales, including a two year discounted rate at 2.15% with an 80% LTV with no product fee, free valuation and free legal fees; and a two year discounted rate at 1.90% with 80% LTV and an £845 product fee.

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

Colin Strong, Head of Lending Procurement, commented: “The mortgage market is showing some very positive signs for the year ahead, and I’m excited at the prospect of supporting more first time buyers and those looking to remortgage with this new range of competitive discounted products.”

Geographic Restrictions

* 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.

Eligibility

Loans available to persons aged 18 or over and are subject to status and valuation of a suitable property, over which security will be required. All lending will be subject to appraisal of the financial standing of the applicants.


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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