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06 Nov 2018

Society Launches Discount Mortgage Products with No Early Repayment Charge

Monmouthshire Building Society has extended its discount range to include 65% loan to value (LTV) for purchase, remortgage and rate switch products with no early repayment charge.

The new 2 Year products offer highly competitive interest rates for loans up to 65% loan to value (LTV) across England and Wales.

Dan Goulding, Product Development Manager, commented: “The launch of these low interest rate products alongside our already competitive range highlights the Society’s determination to provide flexible mortgages to customers who want them, and to be the first choice across Wales and England. We are looking forward to seeing how the range is received by consumers and intermediaries.”

New House Purchase Product

Our new two-year discount rate house purchase mortgage has a rate of 1.48%, with a maximum LTV of 65%.

The product is available for house purchase throughout England and Wales, with a £999 product fee which can be added to the loan, a £150 application fee and a free valuation.

There is no ERC for the duration of the product.

More information and full terms and conditions are available on the product page. 

New Remortgage Product

For those looking to switch their mortgage from another lender, the new range also includes a two-year discount rate remortgage at 1.51% with a maximum LTV of 65%, available throughout England and Wales.

This product also features a £999 product fee which can be added to the loan.

The remortgage product has no application fee, one free standard valuation and, assisted legal fees. Again, there is no ERC for the duration of the product.

Further information and full terms and conditions are available on the product page.

New Rate Switch Products

For those who already have their mortgage with the Society, we have introduced two new two-year discount rate switch products.

Both products have a maximum LTV of 65% and are available throughout England and Wales, with no ERC for the duration of either product. 

One of the rate switch products has a rate of 1.51% and comes with a product fee of £999 which can be added to the loan. More information and full terms and conditions are available on the product page.

The other new rate switch product has a rate of 1.90% with no product fee. More information and full terms and conditions are available on the product page.