Monmouthshire launches lower fixed rates mortgages
Monmouthshire Building Society, one of Wales’s largest and most successful financial institutions, has launched a new range of lower five year fixed rate mortgages with no product fees payable.
The new product range is suitable for all home buyers. They offer competitive interest rates and up to 95% loan to value in selected areas; and with no product fees payable, are particularly accessible for first time buyers.
Monmouthshire Building Society has built up a track record in recent years for its commitment to helping first time buyers onto the property ladder. As a vibrant contributor to the local economy, the Society believes that providing a strong boost to such aspirations is a vital part of its business ethos.
The Society’s low deposit mortgages are available for customers who live in the NP, CF, SA, LD, WR, GL, HR and BS postcode areas, and full information about the product range can be found at the Society’s website (monbs.com).
Tough economic conditions across the UK, combined with restrictive eligibility has made it increasingly difficult for first time buyers to build up the necessary deposit. Through its range of Low Deposit Mortgages, Monmouthshire Building Society continues to provide the ongoing support to help customers overcome this particular obstacle towards home ownership.
The Society also offers a First Home Bonus Saver account, specifically designed for customers looking to purchase their first home in the next few years. The account offers a highly competitive yet flexible savings method by which to save up for a deposit, plus a variable interest rate and fixed bonus which currently earns 5.00%.
Last year, the Newport-based mutual Society announced another excellent set of annual results, in which its assets grew to a record £819M, up from £742M the previous year. In the twelve months to 30th April 2012, it experienced 10.3% growth, whilst profit after tax reached £2.7m, as customers continued to respond to the Society’s secure track record, quality of service and competitive product range.