Monmouthshire launches new 5-year fixed products
The Wales based financial institution is releasing new house purchase products for first-time buyers and other home buyers, offering interest rates up to 95% loan to value in selected geographical areas.
The society offers a 5-year fixed rate house purchase mortgage at 3.49% with a maximum loan to value of 80% with a £995 product fee, available for house purchase across England and Wales.
Another 5-year product is a fixed mortgage at 4.75% at 95% loan to value without a product fee, which is said to be ideal for first-time buyers.
Andrew Lewis, chief executive, said: “The society has a strong and enviable reputation for supporting first-time buyers, as well as offering competitive options for those who may be thinking of remortgaging or moving home.
“The introduction of such an extensive range of competitive products ensures that we can continue to fulfil our pledge to support both local and national mortgage customers achieve their dream of home ownership.”
For customers looking to switch from another lender, a range of 5-year fixed rate remortgage options are available.
One product includes a 5-year fixed rate 90% loan to value product of 4.59% available around the local areas of Newport, Cardiff, Swansea, Llandrindod Wells, Worcester, Gloucester, Hereford and Bristol.
A lower rate remortgaging product meanwhile is 3.19% at 65% loan to value.