The Monmouthshire helps boost product availability in holiday let space

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It had added fixed and discounted rates across two and five years with an increased LTV to 75% across the full range for Limited Companies and individuals.

The new product range is available direct and via intermediaries for both purchases and remortgages.

For Limited Companies, the Newport-based building society has introduced longer term five-year products and new two-year fixed rate deals, alongside a reduction to the two-year discount products.

For individuals, the Society has also reduced its two-year discount rate products and reintroduced a two-year and five-year fixed rate.

James Mann, product marketing manager, said: “There’s currently limited availability in the market for Holiday Let products, specifically for Limited Companies.

“Our new range is intended to support both individuals and Limited Companies, increasing the term and LTV across the full range.”