New Mortgage Range for Home Buyers & Remortgagors Launched

22 January 2014

Monmouthshire Building Society has been recognised by Moneyfacts Group as a provider of a five star, ‘best buy’ mortgage, following the launch of a new range of competitive house purchase and remortgage products.

The new house purchase product range includes new-build house purchases and offers competitive interest rates and up to 95% loan to value in selected geographical areas. Some of the range have no product fees payable which makes them particularly accessible for first time buyers.

The Society’s three year fixed rate house purchase mortgage (F209) (with a maximum loan-to-value of 80%) is currently the lowest rate in this sector at this loan to value according to Moneyfacts. Available for house purchase only, with a £995 fee which can be added to the loan, it has been described by Moneyfacts as ‘an excellent no-frills product currently offering the best rate on the market’. Moneyfacts has awarded the product its highest five star rating and have named it a ‘Best Buy’.

The range of new products also includes a three year fixed rate mortgage with an even lower initial interest rate (F208), maximum 75% loan to value with a £995 product fee which can be added to the loan, and a two year variable discount product which has our lowest initial variable interest rate for the first two years (D106). Full information about the product range can be found here.

For those customers looking to switch their mortgage from another lender, the Society offers competitive remortgage products, some of which require as little as 10% deposit with no product fees and free standard valuation and legal fees*. The product range includes a highly competitive 3 year fixed rate (F213) and a two year variable discount rate (D107) which currently has an initial rate of 2.75%, again with no product fees and free standard valuation and legal fees. Full details on all remortgage products can be found here.

*You will not have to pay the usual legal fees in securing your new mortgage if our appointed solicitors are used. Our solicitor acts for the Society only to ensure we have good legal claim over your property. (You will have to pay for any additional legal work that the solicitors do which is beyond the usual scope of a simple remortgage, for example, change of your name, transfers of equity, deeds of postponement, merger of freehold and leasehold).

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

Source: Moneyfacts Mortgages as at 19/12/2013

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