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Established in Newport in 1869 to help local people build homes, we now help people across Wales and England buy properties and save for their future.
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13 Feb 2023

Society receives Outstanding product rating and Best Buy rating from Moneyfacts

We’re delighted to announce that the Society has received independent recognition from Moneyfacts with both an Outstanding Product Rating and a Best Buy rating for a fixed rate remortgage offer that went to market Friday 10th February 2023.  

Moneyfacts said, “Monmouthshire BS has reduced fixed rates by up to 0.75% and reduced fees on fixed rates. Its 2 year fixed rate at 75% loan-to-value for remortgage only has seen this cut, and is now priced at 4.45%. This option now benefits from having no fee payable and incentives of a free valuation and free legal fees are offered, making this a Moneyfacts 'Best Buy'.”

Chris Jeanes, Senior Product Manager for Mortgages said, “We appreciate these are challenging times for homeowners as we continue to live with a rising rate environment and inflationary pressures.

There is a lot of uncertainty in the market but we are committed to providing competitive products and services that will go someway towards giving consumers security and peace of mind.

It is challenging to balance the interests of our savers and borrowers in the current climate. However, we will continue to be led by our mutual values and as we work to support members to thrive today and in the future.

I am proud that we have been recognised by Moneyfacts with the Outstanding Product and Best Buys rating.”

Chief Customer Officer, Eve Wilkins added, “This level of independent recognition is a marker of quality and an endorsement that consumers can trust.”

At the moment, the Society is only accepting new mortgage enquiries through the broker channel.

Need a broker? Visit unbiased.co.uk where they can search for independent, regulated advisers in your area. They’ll be able to discuss your needs and circumstances to help you find the right mortgage.