5 Year Fixed Rate Mortgage (up to 95% LTV*) - F400

The interest rate for this product is fixed for five years, this means you can plan your finances with more certainty. At the end of the fixed rate period the interest rate will revert to our Standard Variable Rate.

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

Interest Rates:

For House Purchase

Period of loan Rate Payable Additional Information
Months 1-60 4.24% Fixed Rate No Product Fee - £1000 Cashback (terms apply)
Month 61 onwards Standard Variable Rate Currently 4.99%
The overall cost for comparison is: 4.9% APRC

Product Code: F400

Key Features:

Maximum Loan to Value % The maximum loan to value is 95% within our lending area only**.
Loan Size £40,000 to £400,000
Repayment Type Repayment only.
Early Repayment Charge During the first 5 years any additional amount repaid above the 10% permitted will be subject to an Early Repayment Charge of 5% of the amount repaid in year 1, 4% of the amount repaid in year 2, 3% of the amount repaid in year 3, 2% of the amount repaid in year 4 & 2% of the amount repaid in year 5.
Cashback £1000***
Overpayments Regular overpayments are not permitted during the first 5 years from completion. You may make capital repayments of up to 10% of the original sum borrowed in each of the first 5 years without an early repayment charge. Following receipt of a lump sum payment, the amount that you owe, and so the amount of interest you pay, is reduced immediately.
Application Fee £150

Further Information:

  • *The maximum Loan to Value is the amount of a mortgage loan expressed as a percentage of the purchase price or valuation, whichever is the lower.
  • **Our lending area is England and Wales.
  • ***£1000 cashback will be provided to the home owner upon completion in the form of a cheque or BACS transfer.
  • If you move house during the fixed period you may be able to transfer these product terms, up to the amount of this loan. You can only transfer these terms if you occupy the new property and it is within England and Wales. The new loan must complete at the same time you redeem this loan and you must still meet the Society’s lending criteria at that time. If you do not take out a new loan with the Society or the new loan is for less than this loan, an Early Repayment Charge will apply. 
  • For loans greater than £400,000 please contact us.
  • Mortgage interest is calculated on a daily basis.
  • Our Tariff of Mortgage Charges gives details of the charges payable in connection with mortgage applications and additional administration following completion of your loan.
  • 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.

Representative example:

A mortgage of £96,947 payable over 28 years and 7 months initially on a fixed rate for 5 years at 4.24% and then on our current variable rate of 4.99% for the remaining 23 years and 7 months would require 60 monthly payments of £488.14 and 283 monthly payments of £524.98.

The total amount payable would be £178,599.74 made up of the loan amount plus interest (£80,910.74), valuation fee (£192), application fee (£150), legal costs (estimated £250), funds transfer fee (£25) and mortgage exit fees (£125).

The overall cost for comparison is 4.9% APRC representative.

Links to further important information and details of how to apply can be found on the top right-hand-side of this page.

Monmouthshire House, John Frost Square, Newport, NP20 1PX
Tel: 01633 844444
Fax: 01633 844445

Monmouthshire Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register Number: 206052.


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