Monmouthshire BS adds new mortgage options
The Newport-based mutual will offer a two-year discount mortgage at 1.65%. It is available for borrowers with a 20% deposit.
However, the product is only available on properties in Monmouthshire’s local area. This is limited to postcode areas NP, CF, SA, LD, BS, GL, HR and WR.
For those with smaller deposits, a two-year discount mortgage is available at 3.95% at 95% loan-to-value.
Its remortgage range now includes a fee-free two-year discount rate at 2.15% and a 1.90% deal which comes with an £845 product fee. Both deals are available up to 80% loan-to-value.
Colin Strong, head of lending procurement at Monmouthshire Building Society, said the growing market meant the mutual was expanding its range.
“The mortgage market is showing some very positive signs for the year ahead and I’m excited at the prospect of supporting more first time buyers and those looking to remortgage in achieving their home ownership goals with this new range of competitive discount remortgage products,” he said.