Monmouthshire Building Society, one of Wales’s largest financial institutions, has extended its range of 95 per cent mortgages to include new build properties.
By extending its mortgage product range to include new build properties, the society is further strengthening the support it offers to first-time buyers with 5 per cent deposit. The society has built up a track record in recent years for its commitment to helping people onto the property ladder in Wales.
Monmouthshire Building Society chief executive Andrew Lewis commented: “By extending our 95 per cent products to include new build houses, it reaffirms the support the society is giving regionally to both first-time buyers and house builders.”
The Newport-based mutual recently announced another excellent set of annual results, in which its assets grew to a record £885 million, up from £819 million the previous year. In the twelve months to 30 April 2013, it experienced 8.1% growth, while profit after tax reached £3.1 million.
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