5 Year Fixed Rate Remortgage (up to 65% LTV*) - 1.55% £999 Fee at Monmouthshire Building Society
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5 Year Fixed Rate Remortgage (up to 65% LTV*) - 1.55% £999 Fee at Monmouthshire Building Society

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Edited by:"Liketoeat"Found 22nd Sep 2017
Monmouthshire Building Society are offering 5 Year Fixed Rate Remortgage (up to 65% LTV*) at 1.55% with a £999 Fee and assisted legal fees (England & Wales only)
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11 Comments
Only in england & wales, hot nonetheless
Do not use these idiots. Lost a house purchase due to the time they took going back and forth with the underwriters. Every 2 weeks there was a new "last piece of information required" which could have been given at the beginning. Had to lodge a complaint to get the "non refundable" fees back for the survey that never took place. Avoid Avoid Avoid
Original Poster
japes12 m ago

Do not use these idiots. Lost a house purchase due to the time they took …Do not use these idiots. Lost a house purchase due to the time they took going back and forth with the underwriters. Every 2 weeks there was a new "last piece of information required" which could have been given at the beginning. Had to lodge a complaint to get the "non refundable" fees back for the survey that never took place. Avoid Avoid Avoid


Thanks for your feedback.
This is a remortgage deal so people probably wont have the same time constraints. I hear you though. I've just asked them for a decision in principle so I hold off my judgement for now.
Original Poster
mrdgx35 m ago

Only in england & wales, hot nonetheless


Updated the description, thanks
japes33 m ago

Do not use these idiots. Lost a house purchase due to the time they took …Do not use these idiots. Lost a house purchase due to the time they took going back and forth with the underwriters. Every 2 weeks there was a new "last piece of information required" which could have been given at the beginning. Had to lodge a complaint to get the "non refundable" fees back for the survey that never took place. Avoid Avoid Avoid



to be fair you can have that with any bank or building society, had that many years ago didn't lose the house but got a nice sum of compensation back from the Halifax .
Getting ever closer to my tracker rate..... do I jump now, do I stay.
youngrobbo22 m ago

Getting ever closer to my tracker rate..... do I jump now, do I stay.


There's a lot of variables at play (what your tracker rate is, how long you've left on your mortgage, early redemption fees, etc), but as I said on the Santander thread, the rates literally cannot get much lower and there are a lot of uncertainties in the near future, so I'd be very tempted to fix at this rate.
Yeah - to Be fair we had huge issues with natwest who made an administrative error and valued our house at £0.00.





Took weeks to sort... am not going to add the value to this thread - but sadly the person we were buying it off didn't accept their rather low valuation!!
Edited by: "iamprobably" 22nd Sep 2017
Youngsyr24 m ago

There's a lot of variables at play (what your tracker rate is, how long …There's a lot of variables at play (what your tracker rate is, how long you've left on your mortgage, early redemption fees, etc), but as I said on the Santander thread, the rates literally cannot get much lower and there are a lot of uncertainties in the near future, so I'd be very tempted to fix at this rate.



Currently tracking at 0.79 + base rate. So would need 4 * 0.25% rises for this to become the better deal. Have 13 years left on my mortgage. I can see at least a 0.25% rise by early next year at the latest, if not by the end of this year. It really does depend on what happens after that.
The other problem is as well as ditching your tracker rate (lifetime I assume) you are opening yourself to further uncertainly when the rate expires after 5 years. Will you ever get as good a deal again?
Man moth?!
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