Saffron loans record
11:00 22 February 2013
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.
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.