Monmouthshire launches new BTL fixes
Monmouthshire Building Society has launched a new range of two year fixed rate buy to let house purchase and remortgage products.
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The house purchase product range is suitable for first-time buyers and other home buyers, offering competitive interest rates and up to 75% loan to value in the Society’s local area only.
The Society offers a two year fixed rate buy to let purchase mortgage at 3.25%, with a maximum LTV of 75%. The product comes with an £840 product fee which can be added to the loan.
The Society has also launched a range of competitive two year fixed rate remortgage products with free standard valuation and free legal fees. The product range includes a two year fixed rate at 3.60% with a 75% LTV, and a 60% LTV product with a two year fixed rate of 2.99%, both of which are available in the Society’s local area only.
Colin Strong, Head of Lending Procurement, commented:
“The Society has an enviable reputation for offering value for money Buy to Let products and this new range is no exception. The combination of low product fees, competitive interest rates and the added benefit of a free valuation in some cases, means that these products will prove very attractive to Buy to Let Landlords.”
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