Monmouthshire launches 95pc LTV range
The new house purchase product range is suitable for all home buyers, including new-build house purchases and is available up to 95% loan to value in selected geographical areas.
The Society’s will now offer a 2.65% 3-year fixed rate house purchase mortgage with a maximum LTV of 80%, a 2.40%, 3-year fixed rate mortgage with a £995 product fee and a 2-year variable discount product which has a rate of 2.23% for the first two years.
For customers looking to switch their mortgage from another lender, the Society offers a product range which includes a 3-year fixed rate at 3.30% and a 2-year variable discount rate of 2.75%, again with no product fees and free standard valuation and legal fees.
Andrew Lewis, chief executive, said: “We are committed to supporting first-time buyers to achieve their dream of owning their own home, as well as offering competitive options for those who already own their property but who may be thinking of remortgaging or moving home.”
“The Society is pleased to have been recognised by Moneyfacts as a competitive, market-leading provider of mortgage products, and the introduction of such an extensive range of competitive products ensures that we are able to fulfil our pledge to support local mortgage customers.”
The Newport-based mutual Society recently announced its annual results, in which its assets grew to a record £885M, up from £819M the previous year.
In the twelve months to 30 April 2013, it experienced 8.1% growth, whilst profit after tax reached £3.1m, as customers continued to respond to the Society’s secure track record, quality of service and competitive product range.