Society expands its 95% mortgages to cover new build houses

1 July 2013

The Society is pleased to announce that its 95% mortgages are now available for the purchase of new build houses.

Commenting on this Monmouthshire Building Society Chief Executive Andrew Lewis said “ By extending our 95% products to include new build houses it reaffirms the support the Society is giving regionally to first time buyers and house builders”.

These mortgages are available right now for houses with a minimum of two bedrooms situated in post code areas NP, CF, SA, LD, BS, GL, HR & WR. Loans available to persons aged 18 or over and are subject to status and valuation of a suitable property, over which security will be required. All lending will be subject to appraisal of the financial standing of the applicants.

Summary of lending for new build properties:

  • We lend up to 80% LTV on properties across Wales & England
  • We lend up to 90% LTV on properties situated in the following postcodes: NP, CF, SA, LD, WR, GL, HR and BS
  • We lend between 90-95% LTV on houses with a minimum of two bedrooms and situated in NP, CF, SA, LD, WR, GL, HR and BS
To view our full mortgage product range click here.

Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.

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