Low Deposit Mortgages Now Available

14 April 2011

Low Deposit MortgagesLocal first time buyers hoping to step onto the property ladder will have their hopes boosted with the Society’s introduction of new mortgage products that require only a 5% deposit. Similarly, for those customers looking to move home or switch their mortgage, the Society is offering highly competitive remortgages products that require only a 10% deposit.

These products are only available to customers who live in the NP, CF, SA, LD, WR, GL, HR and BS postcode areas.

Monmouthshire Building Society recently gained award status as the Best Regional Building Society for 2011 by the Mortgage Finance Gazette Awards, bestowed to the mutual lender who offered the most consistently competitive mortgage rates over the past year.

Commenting on the launch, Chief Executive, Andrew Lewis said “The Society is delighted that we are in a position where we can responsibly and securely offer competitive rates to customers who can afford a mortgage but are only able to provide a smaller deposit. We are hoping this will provide our local customers with a much needed boost to their aspirations of home ownership, in what still remains a challenging economic environment for all.”

For customers looking for mortgage advice, the Society’s advisers are on hand to deal with any enquiries from 9.00am – 8.00pm Monday to Friday, and 9.00am - 4.00pm on Saturdays. Alternatively, click here for full information about the new low deposit mortgages.

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