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Advertisement by Monmouthshire Building Society |
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Older Borrower mortgages now available!
At Monmouthshire Building Society, we pride ourselves on listening and acting upon feedback provided by brokers. That's why, we've launched two Older Borrower products, available for customers up to the age of 85* when the mortgage matures.
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- Up to 50% LTV.
- Repayment Basis Only.
- Exclusive to our regional lending area - available in postcodes NP, CF, SA, LD, WR, GL, HR, BS, BA, SN, RG, OX, SY and TA.
- Minimum lending of just £30,000.
- Maximum lending of £300,000.
- Product fee £995.
- Overpayments permitted.
- Early repayment charges apply.
- 2.60% discount for two years. After the discount period the lending reverts to our Standard Variable Rate, currently 4.99%. Overall cost for comparison 4.6% APRC.
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- Up to 50% LTV.
- Interest Only or Mixed Repayment/Interest Only.
- Exclusive to our regional lending area - available in postcodes NP, CF, SA, LD, WR, GL, HR, BS, BA, SN, RG, OX, SY and TA.
- Minimum lending of just £30,000.
- Maximum lending of £300,000.
- Product fee £995.
- Overpayments permitted.
- Early repayment charges apply.
- 2.00% discount for two years. After the discount period the lending reverts to our Standard Variable Rate, currently 4.99%. Overall cost for comparison 4.8% APRC.
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To find out more, click here or just call us on 01633 844 380 and we'll be happy to talk to you about your potential cases.
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Don't forget, we've recently expanded our lending area
During August we expanded our lending area to create a Regional Lending Area, which now covers the postcode areas BA, SN, RG, OX, SY and TA, lending up to 90% LTV. Our Local Lending Area includes postcodes NP, CF, SA, LD, WR, GL, HR and BS, lending up to 95% LTV.
We're here to support you
If you'd like to talk to us about any cases or have any queries, just give us a call on 01633 844 380 or email brokers@monbs.com and we'll be happy to help.
Thank you for supporting Monmouthshire Building Society - we really do appreciate it.
Kind Regards
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Colin Strong
Head of Lending Procurement
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*If the applicant is 80 years of age or older at the time of application then they must make sure that a registered Lasting Power of Attorney (LPA) is in place. The term of the mortgage expires on the 85th birthday of the main earner or earlier.
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Please note - this email is for professional intermediaries only. It is not a consumer advertisement and should not be displayed or used as customer information or promotional material.
Telephone calls may be monitored and/or recorded for security and training purposes.
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.
Most Buy to Let Mortgages (investment type property lending) are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.
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