Monmouthshire Building Society has reduced the rate of its two-year discounted variable mortgage by 0.10%, enabling it to establish itself on the Moneyfacts charts.
This deal now has a competitive discounted variable rate of 1.75% (3.34% disc). It is available at a loan-to-value (LTV) of 85% and has a fee of £995.
This mortgage is only available to house purchase customers with a 15% deposit. All borrowers can benefit from an incentive package of free valuation and take advantage of the option to make regular overpayments.
House hunters on the lookout for a competitive variable rate mortgage are likely to take note of this competitive deal, which has become even more appealing thanks to its rate reduction. The additional bonus of free valuation and the potential to shorten the mortgage term by making overpayments also boosts its appeal.
Moneyfacts rating: Excellent
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