Monmouthshire named ‘Best Regional Building Society’

Monmouthshire Building Society, one of Wales’ largest and most successful financial institutions, has won the prestigious ‘Best Regional Building Society’ award at the Mortgage Finance Gazette Awards in London.

The awards ceremony, which was held in early November, acknowledges the achievements of people and organisations within the UK mortgage lending industry.

The title of ‘Best Regional Building Society 2011’ was awarded to the mutual lender who offered the most consistently competitive mortgage rates over the past year. The award was judged using data supplied by Defaqto, an independent financial research company who specialise in rating, comparing and analysing financial products.

The award was presented to Andrew Lewis, Chief Executive of Monmouthshire Building Society who commented ‘This prestigious award, presented by our peers within the industry, cements the Society’s reputation as a competitive mortgage lender. Through our own branch network and mortgage intermediary platforms, we are able to lend across the whole of England and Wales, and I’m delighted that we have been recognised for the quality of our lending and our mortgage products.”

He added “This accolade builds upon the industry recognition we have already received for our competitive range of savings accounts, most notably our Cash ISA, which has been praised for its ongoing interest rate consistency by such leading watchdogs as Moneysupermarket.com, Moneyfacts and Which?”

The Newport-based mutual society recently announced another excellent set of annual results, in which its assets grew to a record £692M, up from £650M the previous year. In the twelve months to 30th April 2010, it experienced growth of 6.5%, whilst profit after tax approached almost £1.9m, as customers continued to respond to the Society’s secure track record, quality of service and competitive product range.