MortgagesMar 30 2017

Buckinghamshire’s mortgage books up 12%

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Buckinghamshire’s mortgage books up 12%

Buckinghamshire’s mortgage business grew by 12 per cent in 2016 to reach a total of £178m.

The building society’s savings balances also increased by 12 per cent, with total deposits reaching £200m. 

Chief executive Andrew Craddock said: “I am pleased to report another year of excellent progress with profits of £1.7m - strong growth in mortgages, an increase in savings balances, an increase in membership and further strengthening of our financial position. 

“This has meant that we can remain true to our mutual status and allocate a proportion of our profits to members through higher than the market average savings rates and competitively priced mortgage products.” 

Jessica Johnson, mortgage advisor at Milton Keynes-based Perspective Wealth Management, commented: “People’s lives are so much more complex than they used to be and there is a huge need for for lenders that don’t fit the standard criteria. Buckinghamshire seem to be succeeding at that quite well.”

simon.allin@ft.com