Monmouthshire offers fixed rate mortgage products
by: Seamus Hasson
The Welsh based society will offer a two-year fixed rate house purchase mortgage at 2.25%, with a maximum loan-to-value (LTV) of 60%. This offer is available throughout Wales and England and comes with a £499 which can be added onto the loan.
It will also offer free legal fees and 95% LTV in selected areas. Colin Strong, head of lending procurement, said:”The society has achieved unprecedented success with its previous fixed rate product launches, with more and more of our customers seeking a fixed rate deal.
“In response to customer demand, we have revamped our fixed rate products to further support first-time buyers and those looking to remortgage.”
Mamouthshire has become the latest lender to offer new improved terms on fixed rate mortgages with incentives such as free legal advice. In the past week the market has seen Nationwide, Barclay’s, Accord Finance, Newcastle Building Society Virgin Money and Leeds Building Society announce similar deals.