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Monmouthshire launches products up to 65% and 75% LTV

Jessica Bird

June 2, 2020

Monmouthshire Building Society

Monmouthshire Building Society has launched purchase and remortgage products up to 65% and 75% loan-to-value (LTV) respectively.

It has also gone live with desktop valuations, which will be used to ensure applications proceed through the underwriting process.

Desktop valuations will be available for residential purchases up to 65% LTV and buy-to-let (BTL) remortgages up to 65% LTV.

They will be provided on applications with maximum values of £1m, or £1.5m within the M25.

Desktop evaluations will not be available for new-build properties, and there will be restrictions on some types of flats.

Monmouthshire Building Society’s 65% LTV purchase product range includes: a 2-year discount-rate residential at 1.65%, up to 65% LTV; a 2-year fixed-rate residential at 1.65% up to 65% LTV; and a 5-year fixed-rate residential at 1.75% up to 65% LTV.

Its remortgage products, which all include free valuation and assisted legal fees, include: a 2-year discount-rate residential at 1.75% up to 75% LTV; a 2-year fixed-rate residential at 1.65% up to 65% LTV; a 5-year fixed-rate residential at 1.75% up to 65% LTV; a 2-year fixed-rate residential at 1.75% up to 75% LTV; and a 5-year fixed-rate residential at 1.95% up to 75% LTV.


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