Monmouthshire BS launches fixed rate mortgage - Mortgages - News - Moneyfacts


Monmouthshire BS launches fixed rate mortgage

Monmouthshire BS launches fixed rate mortgage

Category: Mortgages

Updated: 13/03/2009
First Published: 13/03/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Monmouthshire BS has launched a range of new fixed rate mortgages as well as announcing that all its mortgage products are now available to intermediaries throughout England and Wales.

The society has announced a new fixed rate mortgage with no extended tie in with a rate of 4.15% for three years. The product has a maximum loan-to-value of 75% and a fee of £999.

Consumers can also apply for its new fixed rate mortgage that have no extended tie-in for remortgages only. The product comes with incentives of free valuation and free legal fees or £150 towards costs. Terms are 4.29% for three years, maximum LTV of 75% and £799 fee, or 4.45% for three years, maximum LTV of 75% and no fee.

Having only accepted intermediary business from introducers based in its local area since September, Monmouthshire's decision to expand its range to all intermediaries throughout England and Wales strengthens its market position. Maximum LTV has been capped at 75% across its entire range but the decision falls in line with market trends.

The products earn four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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