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Building society to offer Gwent-only mortgages
MORTGAGES from a Newport-based building society are only to be offered to locals, as a result of the credit crunch.
Monmouthshire Building Society says tighter restrictions by larger lenders have triggered a recent flood of applications from across the UK.
Now, in a bid to maintain service standards, they are temporarily restricting lending to locals.
Chief executive of Monmouthshire Building Society, Andrew Lewis, said: "We are temporarily not accepting applications from mortgage introducers.
"We are still however considering applications made by local customers in person.
"We believe this will be a temporary measure."
The building society is one of five across the UK to restrict lending to locals, after being inundated by would-be customers after larger lenders tightened lending criteria and raised mortgage rates.
But Monmouthshire Building Society stressed they were not adversely affected by the credit crunch themselves, as most of their business is funded by savings deposits, not wholesale markets.
3:22pm Thursday 27th March 2008
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CommentPosted by: Owain Vaughan, Newport Monmouthshire on 4:19pm Thu 27 Mar 08
Classic Argus "Gwent-only"? It doesn't say that anywhere even it were possible to define what was meant by "Gwent".
Classic Argus "Gwent-only"? It doesn't say that anywhere even it were possible to define what was meant by "Gwent".
Posted by: stevey, B.G. on 4:33pm Thu 27 Mar 08
[quote][bold]Owain Vaughan[/bold] wrote:
Classic Argus "Gwent-only"? It doesn't say that anywhere even it were possible to define what was meant by "Gwent".[/quote] Same old tune becomes boring after a while. You should get out more.
Owain Vaughan wrote:
Classic Argus "Gwent-only"? It doesn't say that anywhere even it were possible to define what was meant by "Gwent".
Same old tune becomes boring after a while. You should get out more.
Posted by: Dugstar, Newbridge on 4:35pm Thu 27 Mar 08
[quote][bold]Owain Vaughan[/bold] wrote:
Classic Argus "Gwent-only"? It doesn't say that anywhere even it were possible to define what was meant by "Gwent".[/quote] Yeah it does seem like the record is stuck. Same thing every post.
Owain Vaughan wrote:
Classic Argus "Gwent-only"? It doesn't say that anywhere even it were possible to define what was meant by "Gwent".
Yeah it does seem like the record is stuck. Same thing every post.
Posted by: Horace Beanpole, Crindau on 4:37pm Thu 27 Mar 08
what was meant by "Gwent".
Easy, settle this once and for all. According to the post office Gwent is anywhere with an NP postcode ( I know this includes tiny bits of Gloucestershire, so what)
what was meant by "Gwent".
Easy, settle this once and for all. According to the post office Gwent is anywhere with an NP postcode ( I know this includes tiny bits of Gloucestershire, so what)
Posted by: tim, Magor on 5:24pm Thu 27 Mar 08
I always understood that the ancient area of Gwent lies between the rivers Wye and Usk.I used to live in the Blackpool area which is known as the Fylde,but not in an official way so can we put this "gwent" issue to rest.
I always understood that the ancient area of Gwent lies between the rivers Wye and Usk.I used to live in the Blackpool area which is known as the Fylde,but not in an official way so can we put this "gwent" issue to rest.
Posted by: Dave on his soapbox, Casnewydd, Gwent on 6:23pm Thu 27 Mar 08
...Gwent is a 'Protected County' under the Act that created the unitary authorities and encompasses Newport, Torfaen, Monmouthshire, Caerphilly and Blaenau Gwent......
Owain is one of those who haven't moved with the times and wants the clock rolled back to when Newport was in Monmouthshire.
...Gwent is a 'Protected County' under the Act that created the unitary authorities and encompasses Newport, Torfaen, Monmouthshire, Caerphilly and Blaenau Gwent......
Owain is one of those who haven't moved with the times and wants the clock rolled back to when Newport was in Monmouthshire.
Posted by: Lyndon, Caerdydd on 10:40pm Thu 27 Mar 08
Here you go Owain:
http://www.opsi.gov.
uk/legislation/wales
/wsi2003/20030974e.h
tm
The Preserved Counties (Amendment to Boundaries) (Wales) Order 2003
(3) The Preserved County of Gwent comprises the areas of the counties and county boroughs of Monmouthshire, Blaenau Gwent, Torfaen, Newport and Caerphilly.
Here you go Owain:
http://www.opsi.gov.
uk/legislation/wales
/wsi2003/20030974e.h
tm
The Preserved Counties (Amendment to Boundaries) (Wales) Order 2003
(3) The Preserved County of Gwent comprises the areas of the counties and county boroughs of Monmouthshire, Blaenau Gwent, Torfaen, Newport and Caerphilly.
Posted by: samstrange, newport on 1:42am Fri 28 Mar 08
I like Gwent. I find gwentish women attracctive and I think that gwentile attitudes are far to negative.
This money stuff is all a worry
I like Gwent. I find gwentish women attracctive and I think that gwentile attitudes are far to negative.
This money stuff is all a worry
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