Partly Cloudy

Partly Cloudy

max temp: 21°C

min temp: 13°C

ESTD 1874 Search

Saffron loans record

11:00 22 February 2013

Jon Hall, Saffron Building Society chief executive

Jon Hall, Saffron Building Society chief executive

Archant

Saffron Building Society’s gross mortgage lending reached a record £195million in 2012, an increase of 22% from the society’s 2011 figure of £160m.

shares

Jon Hall, chief executive of the Saffron Walden-based business, 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.”

The society’s most popular products include individually-tailored mortgages for groups including first-time buyers, landlords and self-builders.

“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,” said Mr Hall.

shares

0 comments

Post Office services to return to Yoxford

The Post Office in a Suffolk town is moving to new premises, and will offer longer opening hours.

Dame Fiona Kendrick:, chief executive of Nestlé  UK & Ireland

Food giant Nestlé has announced plans to close its defined benefit pension scheme, sparking the threat of industrial action.

The Treasury has sold another 1% stake in Lloyds Banking Group.

The taxpayers’ stake in Lloyds Banking Group has fallen to below 16% after the Government sold off another tranche of shares.

The installation of solar panels on the roof of Precision Marketing Group's premises in Lamdin Road, Bury St Edmunds

A Suffolk-based firm will be among the organisations taking part in a nation-wide celebration of solar energy tomorrow.

Candy Gaga'’s Wanda Hewell, right, and daughter, Cherish.

Tower Ramparts in Ipswich now has its very own castle – thanks to the success of a local sweet shop business.

Stansted Airport

A report into the future of Britain’s airports does not rule out a second runway at Stansted – and raises fears of extra night flights to the Essex airport.

Growth in manufacturing eased last month  to its slowest level in two years.

Britain’s manufacturing sector grew at its slowest pace in more than two years last month, impacted by subdued demand from Europe.

Speedy Hire
 has warned that its results for this year will come in

Tool rental business Speedy Hire saw nearly a third of its stock market value wiped off after it announced the shock departure of its chief executive and warned over a major blow to full year profits.

Greene King chief executive Rooney Anand.

Pubs and brewing group Greene King today posted another year of record revenues, with sales within its key Retail division topping £1billion for the first time.

Suffolk Coastal considers convenience store bid

Planning chiefs have responded to concerns about noise and antisocial behaviour arising from proposals for a new convenience store in Kesgrave by insisting on closing times being brought forward an hour and the installation of a barrier to restrict overnight parking.

Most read

Most commented

Topic pages