Monmouthshire unveils 2-year fixed range
Monmouthshire Building Society has launched a range of 2-year fixed rate products – offering a 2.95% remortgage fix to 80% LTV with no fee.
The Welsh building society has also launched a 2-year remortgage fix at 3.65% to 90% LTV exclusive to customers in the local area.
On home purchase products Monmouthshire is offering a 2.45% 2-year fix to 80% LTV with a £995 fee for customers in England and Wales, while the society is also offering a 3.79% rate to 95% LTV for locals.
Colin Strong, head of lending procurement, said: “In response to the changing mortgage landscape, the vast majority of our customers are seeking a fixed rate deal to tie themselves in to so they can budget and safeguard against any future interest rate rises.
“It’s understandable that, in this low interest market, our customers are the driving force behind our competitive mortgage product range.
“The mortgage market is showing some very positive signs for the year ahead, with 2014 proving to be the best year for first-time buyers since the downturn in 2007.
“I’m excited at the prospect of supporting more first-time buyers and those looking to remortgage in achieving their home ownership goals with the society’s new raft of products.”
The society’s local area is defined as the postcode areas NP, CF, SA, LD, WR, GL, HR and BS.