RemortgageMay 23 2018

Monmouthshire BS unveils 5-year fixed-rate duo

Search sponsored by
Monmouthshire BS unveils 5-year fixed-rate duo

“We hope the expansion will have a positive impact on the number of products available to IFA’s clients. This change will enable the society to continue its commitment to helping first-time buyers across England and Wales achieve their goal of getting on the property ladder.”


Either a £999 product fee or no product fee depending on the product chosen.

Adviser view:

Daniel Bailey, mortgage adviser at Middleton Finance, said: “The fee of £999 probably makes it one of the leading rates in the market for five-year fixed. Both rates are very competitive.

“I have clients who are going for two-year fixed because, by and large, they are cheaper than five-year fixed, but on the flip side, I also have clients thinking now is a good time to lock in a five-year period.

“I would think the Monmouthshire five-year fixed rates are very competitive and many applicants are applying for these. It looks like it is part of the market that Monmouthshire want to be in.”


As competitive as the rates are, borrowers need to weigh up is which of the two deals may be the most cost-effective given the customer's circumstances and a broker can help with that. Is it worth paying the fee or going for slightly higher rates and not paying the fee?