Monmouthshire expands 95% mortgages to cover new build houses

Monmouthshire Building Society has extended its range of 95% mortgages to include new build properties.

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. 

By extending its mortgage product range to include new build properties, the Society is further strengthening the support it is offering to first time buyers. Monmouthshire Building Society Chief Executive Andrew Lewis commented “By extending our 95% products to include new build houses, it reaffirms the support the Society is giving regionally to both first time buyers and house builders”.

The 95% mortgages for new build properties are currently available for houses with a minimum of two bedrooms situated in post code areas NP, CF, SA, LD, BS, GL, HR & WR only, and full information about the product range can be found at the Society’s website (monbs.com).

The Newport-based mutual Society recently announced another excellent set of annual results, in which its assets grew to a record £885M, up from £819M the previous year. In the twelve months to 30th April 2013, it experienced 8.1% growth, whilst profit after tax reached £3.1m, as customers continued to respond to the Society’s secure track record, quality of service and competitive product range.