Monmouthshire Building Society has issued new fixed rates at 75 per cent and 90 per cent LTV.

For a two-year fix at 90 per cent LTV, borrowers based in England or Wales will be able to access a residential purchase, a remortgage, or a rate switch mortgage for existing members at 2.79 per cent.

A 75 per cent LTV purchase mortgage is available at 1.75 per cent.

For a five-year fix at 90 per cent LTV, a purchase mortgage and remortgage are available at 2.99 per cent.

The lender is also offering a 75 per cent LTV five-year fix at 1.95 per cent.

All products have a maximum loan size of £750,000 and command no product fee.

Monmouthshire product development manager Dan Goulding says: “We want to assist new and existing members the best we possibly can during these challenging times.

“We know from broker feedback, that the lockdown has provided people with more time to think about their living arrangements, and we feel this extended range will help first-time buyers and also people who already have a mortgage.”