Monmouthshire Building Society to cut fixed-mortgage rates by up to 0.16% for remortgage customers

Monmouthshire Building Society has announced that it is reducing interest rates across its remortgage range from July 11.

The Newport-based building society will implement reductions across six remortgage products in their remortgage range, with the lowest new lending rate now standing at 3.99%

The products include 2-Year Fixed Rate Residential Remortgage 90% LTV at 4.35% (reduced by 0.10%) and 5-Year Fixed Rate Residential Remortgage 90% (reduced by 0.10%), both of which currently provide competitive rates for customers looking to remortgage.

A full list of rate reductions on remortgage products follows:

· 2-Year Fixed Rate Residential Remortgage 75% LTV – 3.99%

· 2 Year Fixed Rate Residential Remortgage 80% LTV – 4.15%

· 2-Year Fixed Rate Residential Remortgage 90% LTV – 4.35%

· 5- Year Fixed Rate Residential Remortgage 75% LTV – 4.05%

· 5-Year Fixed Rate Residential Remortgage 80% LTV – 4.25%

· 5- Year Fixed Rate Residential Remortgage 90% LTV – 4.30%

Monmouthshire Building Society has been helping customers onto the housing ladder for over 150 years and is committed to providing the best possible service for all of their customers, whether new or existing.

Chris Jeanes, Senior Product Manager, said: “We’re committed to supporting remortgage customers — particularly those experiencing rate shock as they come off existing deals into a higher-rate market. These products reflect our dedication to offering good-value solutions when they’re needed most.

“In addition, we offer income boosts up to 5.5 times for professionals, and full consideration of overtime, bonuses, and commissions. We aim to take a holistic view of each customer’s situation while delivering the best possible service.”

For more information about any of Monmouthshire Building Society’s product range, visit monbs.com