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About
Established in Newport in 1869 to help local people build homes, we now help people across Wales and England buy properties and save for their future.
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We're proud to support our members with award-winning service.
We were also named as the mortgage provider with the best service in the UK at the 2020 Moneyfacts awards Monmouthshire Building Society came second in the Regional Lending Provider of the year category for UK Mortgage Lenders at the 2020 Moneyfacts Awards
Switching Your Mortgage Rate

When your current mortgage deal is coming to an end, we’ll write to you about switching your rate.

Your letter will tell you how you can switch.

If you've received your letter and it says you can switch your mortgage rate online, you can do this here - make sure you have your login details included in your letter to hand:

Switch Online

If your letter doesn't say you can switch online, or if you'd just prefer some guidance, our Mortgage Advisers can help you make the switch.

If you aren't coming to the end of your deal yet, you may be able to switch early, but you may have to pay an Early Repayment Charge to exit your current deal. Speak to one of our Advisers to discuss your individual circumstances.

If you are currently on our Standard Variable Rate, you can switch your rate by contacting our Mortgage Adviser Team:

Speak to an Adviser

Moving Home

We give our mortgage customers plenty of options if you want to move home.

It’s a good idea to speak with a Mortgage Adviser if you’re thinking about moving, as they’ll be able to identify the option that’s best for you.

Speak to an Adviser

If it’s in your best interest to keep your existing rate, you may be able to take your current mortgage product with you to your new home – also known as porting your mortgage.

Another option is to change your mortgage product when you take out the mortgage on your new house.

Bear in mind though:

Unless you’re currently on our Standard Variable Rate (SVR) or you’re nearing the end of your current deal, you’ll usually have to pay an Early Repayment Charge to change your product.

If you do decide to change your product, all our House Purchase mortgages are available to existing customers.

Additional Borrowing

If you're interested in borrowing more on your mortgage, please get in touch with our Mortgage Advisers:

Speak to an Adviser

Transfer of Equity

To add or remove someone from your mortgage, please get in touch with our Advisers:

Speak to an Adviser

Payment Holidays

If you need a payment holiday due to the effects of COVID-19, you can apply here

If you are already on a payment holiday or reduced payments, we will write to you at the end of your payment holiday outlining your options. 

If you have received your letter and would like to inform us of your chosen option online, you can do so here:

Our Rates

The following mortgage products are only available to existing borrowers switching rate when their current mortgage deal ends. 

Residential Mortgages

2 Year Discount Rate Mortgages
Initial interest rate % Overall cost for comparison Maximum loan to value Product fee Additional Features  
1.40% 3.8% APRC 75% -

Up to 10% capital repayments without ERC

More details
1.65% 4.1% APRC 75% -

No ERC

More details
1.65% 3.9% APRC 85% -

Up to 10% capital repayments without ERC

More details
1.90% 4.1% APRC 85% -

No ERC

More details
1.99% 4.3% APRC 95% - Up to 10% capital repayments without ERC More details
2.49% 4.4% APRC 95% -

No ERC

More details
2 Year Fixed Rate Mortgages
Initial interest rate % Overall cost for comparison Maximum loan to value Product fee Additional Features  
1.50% 4.0% APRC 65% -

Up to 10% capital repayments without ERC

More details
1.80% 4.1% APRC 65% -

£500 cashback

Up to 10% capital repayments without ERC

More details
1.60% 4.1% APRC 75% - Up to 10% capital repayments without ERC More details
1.90% 4.1% APRC 75% -

£500 cashback

Up to 10% capital repayments without ERC

More details
2.00% 4.2% APRC 85% - Up to 10% capital repayments without ERC More details
2.30% 4.3% APRC 85% -

£500 cashback

Up to 10% capital repayments without ERC

More details
2.79% 4.4% APRC 90% -

Up to 10% capital repayments without ERC

More details
2.50% 4.4% APRC 95% - Up to 10% capital repayments without ERC More details
2.80% 4.5% APRC 95% -

£500 cashback

Up to 10% capital repayments without ERC

More details
5 Year Fixed Rate Mortgages
Initial interest rate % Overall cost for comparison Maximum loan to value Product fee Additional Features  
1.75% 3.1% APRC 65% - Up to 10% capital repayments without ERC More details
2.05% 3.2% APRC 65% -

£500 cashback

Up to 10% capital repayments without ERC

More details
1.85% 3.2% APRC 75% - Up to 10% capital repayments without ERC More details
2.15% 3.4% APRC 85% - Up to 10% capital repayments without ERC More details
2.85% 3.9% APRC 95% - Up to 10% capital repayments without ERC More details

Your home may be repossessed if you do not keep up repayments on your mortgage.

Buy-to-Let Mortgages

2 Year Discount Rate Buy-to-Let Mortgages
1.90% 4.3% 75% - - More details
Initial interest rate % Overall cost for comparison Maximum loan to value Product fee Additional Features  
2 Year Fixed Rate Buy-to-Let Mortgages
2.70% 4.4% 75% - - More details
Initial interest rate % Overall cost for comparison Maximum loan to value Product fee Additional Features  
5 Year Fixed Rate Buy-to-Let Mortgages
2.80% 3.9% APRC 75% £499 - More details
3.00% 3.9% APRC 75% None - More details
Initial interest rate % Overall cost for comparison Maximum loan to value Product fee Additional Features  
2 Year Fixed Rate Ltd Company BTL Mortgages
3.30% 4.5% 75% £499 - More details
Initial interest rate % Overall cost for comparison Maximum loan to value Product fee Additional Features  

Buy-to-Let - HMO Mortgages

2 Year Discount Rate Buy-To-Let HMO Mortgages
Initial interest rate % Overall cost for comparison Maximum loan to value Product fee Additional Features  
3.14% 4.5% APRC 75% -

-

More details

Holiday Let Mortgages

2 Year Discount Rate Holiday Let Mortgages
Initial interest rate % Overall cost for comparison Maximum loan to value Product fee Additional Features  
2.25% 4.3% APRC 75% -

-

More details
2 Year Fixed Rate Holiday Let Mortgages
Initial interest rate % Overall cost for comparison Maximum loan to value Product fee Additional Features  
3.00% 4.4% APRC 75% - - More details
5 Year Fixed Rate Holiday Let Mortgages
Initial interest rate % Overall cost for comparison Maximum loan to value Product fee Additional Features  
3.20% 4.0% APRC 75% -

-

More details 
IF YOU FAIL TO KEEP UP WITH PAYMENTS ON YOUR MORTGAGE A ‘RECEIVER OF RENT’ MAY BE APPOINTED AND/OR YOUR RENTAL PROPERTY MAY BE REPOSSESSED