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Monmouthshire Building Society has won the award for First-Time Mortgage Buyers’ Choice of the year 2021 at the Moneyfacts Consumer Awards last month. Analysts at Moneyfacts reviewed of the range of first-time buyer mortgages available to create a shortlist of lenders. These then went forward to a public vote to decide the winners, highly commended and commended brands.
Michelle Monck, Head of Digital, Moneyfacts.couk said “Monmouthshire Building Society boosted the choice of first-time buyer mortgages available – these were consistently competitive, and the building society has a personalised approach for those starting out on their home buying journey.”
This was the first year Monmouthshire Building Society were shortlisted for this category in the Moneyfacts Consumer Awards. This latest win comes on the back off the society winning the best first-time buyer mortgage provider award in 2020 at the Moneyfacts Awards.
The society has offered a range of fixed rate and variable rate first-time buyer mortgages over a range of terms.
Find out more about first-time buyer mortgages from Monmouthshire Building Society.
Monmouthshire Building Society was founded in 1869 and, unlike a bank, it is owned by its members. Members are the customers of the building society including those with qualifying balances held in savings accounts and those with a mortgage.
Moneyfacts.co.uk has more information to help those buying their first home and looking for a mortgage. We also list many of the mortgages available in the UK and help borrowers to compare first-time buyer mortgage rates.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
The decision could have an effect on your savings, ISA, mortgage, and disposable income. The Bank of England (BOE) raised interest rates today from 0.50% to 0.75%. This decision can be largely owed to Russia’s invasion of Ukraine, which will likely push inflation in the UK higher. “Higher interest rates are supposed to help cool inflation, but prices have risen due to reasons largely outside of the Bank of England’s and the Government’s control - the cost of petrol, food and other day-to-day items is rising because of global events,” said Annabelle Williams, Personal Finance specialist at Nutmeg. “Although this is a small increase to interest rates which have been hovering close to record lows for many years now, many will be looking to see if the increase is passed on to consumers through higher savings rates,” she said. This is the first time the Monetary Policy Committee (MPC) has raised rates on three successive meetings in more than two decades. With this in mind, how can these rate increases affect your personal finances?
The decision could have an effect on your savings, ISA, mortgage, and disposable income.
The Bank of England has today increased base rate by 0.25% up from 0.50% to 0.75%. Moneyfacts has analysed the average rates offered across savings and mortgages and considers what this decision may mean for consumers moving forward.
The Bank of England has today increased base rate by 0.25% up from 0.50% to 0.75%.
The Bank of England has just raised interest rates for the second time in three months, and this upward trend is being reflected in fixed-rate residential mortgage deals. The latest Moneyfacts UK Mortgage Trends Treasury Report data reveals that, in February, the overall average rates on two- and five-year fixed deals ticked up. The average two-year fix increased from 2.38% to 2.44% month-on-month, but that represents a drop from 2.53% this time last year.
A dip in choice as rates continue to rise
The decision could have an effect on your savings, ISA, mortgage, and disposable income. The Bank of England (BOE) raised interest rates today from 0.50% to 0.75%. This decision can be largely owed to Russia’s invasion of Ukraine, which will likely push inflation in the UK higher. “Higher interest rates are supposed to help cool inflation, but prices have risen due to reasons largely outside of the Bank of England’s and the Government’s control - the cost of petrol, food and other day-to-day items is rising because of global events,” said Annabelle Williams, Personal Finance specialist at Nutmeg. “Although this is a small increase to interest rates which have been hovering close to record lows for many years now, many will be looking to see if the increase is passed on to consumers through higher savings rates,” she said. This is the first time the Monetary Policy Committee (MPC) has raised rates on three successive meetings in more than two decades. With this in mind, how can these rate increases affect your personal finances?
The decision could have an effect on your savings, ISA, mortgage, and disposable income.
The Bank of England has today increased base rate by 0.25% up from 0.50% to 0.75%. Moneyfacts has analysed the average rates offered across savings and mortgages and considers what this decision may mean for consumers moving forward.
The Bank of England has today increased base rate by 0.25% up from 0.50% to 0.75%.
The Bank of England has just raised interest rates for the second time in three months, and this upward trend is being reflected in fixed-rate residential mortgage deals. The latest Moneyfacts UK Mortgage Trends Treasury Report data reveals that, in February, the overall average rates on two- and five-year fixed deals ticked up. The average two-year fix increased from 2.38% to 2.44% month-on-month, but that represents a drop from 2.53% this time last year.
A dip in choice as rates continue to rise
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