Melton building society said it was investing in online services for its customers after it reported eight per cent growth in mortgages and ten per cent savings growth for the last year.
The group, which also announced profits of £1.46 million, said that it was planning new online services for retail customers.
“We continue to invest in the future, developing our core systems to support operating efficiency,” said Martin Reason, chief executive.
The Melton Group advanced £76m of new mortgages during the year, with loans and advances increasing by 8 per cent to £339m. Mortgage arrears reduced by 22 per cent to £0.14m reflecting the Group’s continued drive to improve credit quality.
“Our strong financial performance reflects the excellent progress we have made in delivering great value products,” Mr Reason said.
The group recently launched an online end-to-end mortgage processing system and a dedicated website for brokers, who can register, obtain a mortgage decision in principle, submit an application, upload documents and track cases online.
