Competitive Range of 2 Year Discount Rate Mortgage Products Launched

The Society has launched new two year discount rate buy and remortgage products, offering highly competitive interest rates for borrowers with 65% LTV throughout England and Wales.

The Society’s two year discount rate house buying mortgage at 1.23%(variable) is available with a maximum LTV of 65%. This mortgage product has a £1,400 product fee which can be added to the borrowing, and comes with a £150 application fee.

For customers looking to remortgage their property, the Society has launched a new two year discount rate remortgage product at 1.40% (variable), with a 65% LTV. The product comes with a £1,400 product fee which can be added to the borrowing and legal fees at no charge*. 

Both of the Society’s new mortgage products have no early repayment charges, one standard valuation at no charge they and are available throughout England and Wales.

*You will not have to pay the usual legal fees in securing your new mortgage if our appointed solicitors are used. Our solicitor acts for the Society only to ensure we have good legal claim over your property. (You will have to pay for any additional legal work that the solicitors do which is beyond the usual scope of a simple remortgage). For example, change of your name, transfers of equity, deeds of postponement, freehold and leasehold changes, remedy of any title defect, etc.

Rate Switch Procuration Fees

Payable to authorised Introducers. Applies to Rate Switches for existing mortgage borrowers where the Introducer has given advice on a new product. 

Procuration Fees are paid in the month following the application of the new rate. For each case: 0.30% of borrowing for residential owner-occupied and BTL.

Get in touch

Business Development Manager - Dan Goulding (covering all postcodes except CF, SA, SY and LD):

• Direct Tel: 01633 844 424
• Mobile: 07977 492 061

Business Development Manager - Greg Harry (covering postcode areas CF, SA, SY and LD):

• Direct Tel: 01792 657 463
• Mobile: 07795 514 691

Broker Enquiries:

• Direct Tel: 01633 844 380
• Email: brokers@monbs.com 

Monmouthshire Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register Number: 206052. 

Monmouthshire Building Society, Monmouthshire House, John Frost Square, Newport, South Wales, NP20 1PX.

Most Buy to Let Mortgages (investment type property loans) are not regulated by the Financial Conduct Authority or the Prudential Regulatory Authority.

All Telephone calls may be monitored and/or recorded for training purposes.