Monmouthshire Building Society Mortgage Rates & Fees Comparison
Monmouthshire Building Society offers a range of fixed and variable rate mortgages that could be suitable for you.
The society aims is to provide a friendly, personal and efficient service, coupled with a range of highly competitive products and total financial security. Society offer various types of mortgage products suitable for house purchase, remortgage, buy-to-let and additional borrowing. It’s Standard Variable Rate is currently 4.74%.
What types of mortgages can I get with Monmouthshire Building Society?
- Fixed rate With this mortgage type, your interest remain locked for a set amount of time, providing certainty about the size of your mortgage repayments.
- Remortgages You can switch your existing mortgage to Monmouthshire Building Society via one of its remortgage products.
- Offset This mortgage type allows you use a Monmouthshire Buildingshire savings account to offset the amount of your mortgage balance you pay interest on.
- Tracker With this type of mortgage, your interest rate will shift up and down in line with the Bank of England base rate.
- Buy to let This type of mortgage is needed if you want to borrow money to purchase an additional property and let it out.
- Shared ownership This mortgage type allows you to percentage of a property and pay rent on the remainder. When you can afford it, you can then apply to buy additional percentages of the property.
How to apply
You can apply by calling 01633 844 351, online or arranging a callback from monbs.com.
What information is needed to apply?
You’ll need to submit personal details and information about the property you want to buy. Financial details will also need to submitted, backed up payslips and recent bank statements. Self-employed applicants will need to be able to provide two years worth of accounts.
You’ll need to be aged between 18 and 85 when applying.
You’ll still be considered if you have CCJs and defaults, as long they’ve been satisfied for one year. You’ll still be considered if you’ve suffered bankruptcies, IVAs and mortgage arrears, provided they were satisfied more than three years ago.
You can make general queries by calling 01633 844 351 or filling out the contact form on monbs.com.
Compare Monmouthshire Building Society using a mortgage broker
There are huge benefits to choosing to use a mortgage broker to help you get the right deal. They will do all of the hard work and research for you. They are experts in comparing the hundreds of loans and lenders out in the market based on your individual needs and eligibility, so you won’t have to worry about being forced into a deal. Your broker will also negotiate with your chosen lender on your behalf to make sure you are getting the right deal for you.
L&C work with over 80 different mortgage lenders, including Monmouthshire Building Society, giving you a great opportunity to compare different mortgage deals in the market. To apply for a mortgage through L&C click the link below.
London and Country Mortgage Experts
L&C is a specialist broker offering mortgage comparison & free advice.
- Compare over 80 mortgage lenders
- Fee FREE mortgage advice
- Personal customer service from start to finish
- Open 7 days a week
Find a mortgage using a broker to compare the market
Frequently asked questions
Read more on this topic
Compare the best mortgage deals of September 2020
Everything you need to know about getting a cheap mortgage with the lowest rate and fees.
Historical price tracker: House prices, inflation and more
Find out how the prices of common items in the UK have changed since 1980 in comparison to inflation.
What credit score do I need to get a mortgage?
While there’s no minimum credit score you’ll need to be eligible for a mortgage in the UK, it’s helpful to know how your credit rating can affect your chances, and the loan terms you’re likely to get.
Finder reached out to the general public to see what factors play the biggest role when it comes to finding their ideal home.
Stamp duty cut: Buyers set to save thousands
House buyers to benefit from a new temporary cut to stamp duty on the first £500,000 of a property sale until 31 March 2021.
Coronavirus property prices
We have explored how house prices have been affected across the country during this time and how interest in renting has fluctuated in different regions.
Accelerate My Mortgage review
This new cashback website will help you to shave years off your mortgage.
Finder Mortgages Customer Satisfaction Awards 2020
How did your mortgage provider fare in our latest customer survey? Find out the winner of this year’s Finder Customer Satisfaction Awards.
Discover the pros and cons of taking out an equity loan with Proportunity.
Our comprehensive guide to property flipping gives you all the information you need to make a profit, from finding the right property to the costs you need to consider.
Ask an Expert