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Monmouthshire Building Society

Lending Criteria Update

Increased income multiples for lending up to 80% LTV

Up to 5 x single or joint income where at least one of the basic incomes is £50,000 p.a. or more (Conditions Apply).

 
 
 

Increased income multiples for lending greater than 80% LTV

Up to 4 x single or joint income. 

 
 
 

Parental Assist

The Society will consider 1) family gifted deposits and 2) parents joining in the mortgage with their children, but not having to be joined in to the property ownership.

 
 
 
 
 

Lending into Retirement

We will consider applicants who are currently working but will retire during the mortgage term, with no upper age limit, subject to underwriting.

 
 

Contract Workers

The following will be considered: CIS Contractors, those on Fixed Term or Renewable Contracts, those on Zero Hours Contracts and those who are Self-Employed Contractors/Consultants 

 
 
 

Get in touch

Business Development Manager - Dan Goulding (covering all postcodes except CF, SA, SY and LD):

  • Direct Tel: 01633 844 424
  • Mobile: 07977 492 061

Business Development Manager - Greg Harry (covering postcode areas CF, SA, SY and LD):

  • Direct Tel: 01792 657 463
  • Mobile: 07795 514 691

Broker Enquiries:

Monmouthshire Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register Number: 206052.

Most Buy to Let Mortgages (investment type property loans) are not regulated by the Financial Conduct Authority or the Prudential Regulatory Authority.

 
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cherry and cherryFind are our trading names ('cherry') Registered Office: The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Tunbridge Wells, Kent TN3 8AD. Registered in England and Wales. Company Registration Number: 05624666. VAT Number: 874593966

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7798 / 24.05.16

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