Monmouthshire Building Society has relaunched its Buy to Let and Holiday Let mortgage range for those intermediary partners – strengthening its support for properly investors.
The range features two-year fixed-rate mortgages up to 75% loan-to-value (LTV), with borrowing available from £100,000 to £2 million. All products include a free basic valuation and a £1,499 product fee, providing brokers and their clients with a simple and consistent proposition across both individual and limited company applications.
The products are available to landlords purchasing or remortgaging properties in their own name, as well as those operating through a limited company structure.
For eligible remortgage cases completed in an individual's name, customers will also benefit from fee-assisted legal work at no additional cost. This is available alongside the same competitive rates and product fee offered across the range.
The launch gives brokers greater flexibility to support a wide range of landlord clients, from those entering the market for the first time to experienced investors looking to purchase or refinance residential rental and holiday let properties. Only intermediaries included in Monmouthshire Building Society’s loans origination pilot scheme can apply for the products, but they will be available to the whole of the market in the coming months.
By combining lending of up to £2 million with free basic valuations and fee-assisted legal work on eligible remortgages, the Society is providing a straightforward solution for a broad spectrum of property investment needs.
Caroline Mitchell, at Monmouthshire Building Society, said: "We're delighted to re-enter the Buy to Let and Holiday Let markets with a range designed to support both experienced and first-time property investors. By offering lending of up to £2 million, free basic valuations and a consistent product structure across personal and limited company applications, we're providing brokers and their clients with greater choice and flexibility to meet a variety of investment goals."
“Brokers have told us they value straightforward products backed by competitive lending criteria, and our new range has been built with that in mind. Whether clients are purchasing a rental property or refinancing an existing investment, we're pleased to offer a clear proposition that helps advisers find the right solution for a broad range of landlord needs.”