Monmouthshire Building Society reviews

Monmouthshire Building Society reviews
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What is this?
These badges highlight financial providers that are consistently rated top by customers. It’s a clear sign you’re dealing with a trusted, highly-rated company. Find out more about how these badges work.
What is this?
These badges highlight financial providers that are consistently rated top by customers. It’s a clear sign you’re dealing with a trusted, highly-rated company. Find out more about how these badges work.
Review summary
People rate this company as Excellent based on 2,567 product reviews
Latest positive rating
Our welcome in Cardiff.
The welcome in Cardiff was very warm. Both Angela Brown and Cathy Bone were efficient, thorough, and very pleasant. Both myself and my wife were... The welcome in Cardiff was very warm. Both Angela Brown and Cathy Bone were efficient, thorough, and very pleasant. Both myself and my wife were offered refreshments and use of the facilities if required. Read more Read less
Latest negative rating
The Monmouthshire Building Society have a 'floor' ra...
The Monmouthshire Building Society have a 'floor' rate on their variable rate products that, at the moment, doesn't go beneath 3.5 %. However they have... The Monmouthshire Building Society have a 'floor' rate on their variable rate products that, at the moment, doesn't go beneath 3.5 %. However they have no ceiling rate, so when the interest rates went up exponentially, there was nothing to protect their members. They therefore design their products to protect themselves alone. Potential customers should also know that for a long time preferential rates were offered to new members at the expense of existing members. Should a mutual building Society behave this way? Their mortgage products are all smoke and mirrors, a maze of early repayment fees, product fees, floor rates, set up so that their members will always be disadvantaged. I read the following today: "Monmouthshire Building Society has today (August 20th) published its financial results for 2024-25. The Newport-based Society has announced a 61% increase in profits for the last financial year, up from £2.3million, to £3.7million, and total assets reaching £1.72bn." Well it's no wonder. There's only ever going to be profits for the building society which plays heads I win, tails you lose. If you're looking for a fair building society which operates for the benefit of its members, don't look at the Monmouthshire. Read more Read less
