Choice widens of 95% LTV mortgage ranges.
There is a lot of focus on the first time buyer market at the moment with an increasing number of lenders launching a 95% LTV mortgage range.
Monmouthshire Building Society is the latest provider to enter the fixed rate and discounted mortgage market for those with a deposit of 5%.
The discounted option is for 2 years with a rate of 2.99%. There are no additional fees to consider, which is a benefit, plus there’s a free standard valuation and a cashback offer of £250 included.
The 5 year fixed rate is offered at 4.24%. Again, there are no fees, a standard valuation but there’s also an increased cashback offer of £1000.
Monmouthshire used to only offer their mortgages to home buyers and movers who were located in Wales. However, they have recently expanded their lending area to cover England too.
Deal Direct provide impartial and independent advice on mortgages available from across the whole of the country. If you are currently considering researching the 95% LTV mortgage market, why not take advantage of the experience and expertise we have to offer?
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