The Monmouthshire Building Society has launched a new range of two-year buy-to-let house purchase and remortgage products.
The buy-to-let house purchase product range offers fixed and discount interest rates at up to 75% loan to value (LTV) in the Society’s local lending area only (defined as postcode areas: NP, CF, SA, LD, WR, GL, HR and BS.)
The Society offers a two year discount rate buy-to-let purchase mortgage at 2.00%, with a maximum LTV of 75%. The product has a £995 product fee which can be added to the loan. A £150 application fee and a valuation fee are also payable.
The range also includes a 75% LTV two year buy-to-let fixed rate purchase mortgage at 2.10%. This product has a £995 product fee which can be added to the loan and a £150 application fee. A valuation fee is also payable. Further information about the product range including full terms and conditions, can be found here.
The mutual has also launched a range of buy-to-let remortgage products which feature no application fee, assisted legal fees and one free standard valuation. The product range includes a two year discount rate buy-to-let remortgage at 2.30% with a 75% LTV and a £995 product fee which can be added to the loan, as well as a buy-to-let remortgage product with a two year fixed rate of 2.40% at 75% LTV with a £995 product fee.
Colin Strong, head of broker sales, said: “I’m very excited to launch this competitive range of buy-to-let products which will no doubt prove extremely popular with customers old and new.
“The interest rates compare favourably with other providers in the industry at the moment and applicants benefit from the Society’s personal and flexible approach to lending, making them an ideal option for landlords throughout our local lending area.”