Saffron Building Society has announced that gross mortgage lending reached a record £195 million in 2012, an increase of 22% from the Society’s 2011 figure of £160 million (£146 million in 2010).
Saffron Building Society CEO Jon Hall said:
“This is an impressive achievement against the background of a stagnant housing market and lack-lustre economy and is testament to the hard work and dedication of all our people.
We have maintained our focus on providing mortgages for borrowers who, despite being perfectly creditworthy, find themselves in situations where there is a challenge in securing suitable products from other high street lenders. Our most popular products include mortgages for prime borrowers with individual requirements including first-time buyers, landlords, self-builders and borrowers requiring bridging finance.
Our objective for 2013 is to further develop our product and service proposition, so that we can continue to satisfy the needs of applicants, whatever situation they find themselves facing. We anticipate that our gross lending volumes during the year ahead will be broadly in-line with our 2012 results.”
Although Saffron Building Society is the largest regional building society serving the East of England, it also makes its mortgage products available throughout the rest of England and Wales via professional mortgage brokers.