Buckinghamshire Building Society has today announced 12% growth in mortgage book in 2021
07 March 2022
Following a very successful year, Buckinghamshire Building Society are today announcing pre-tax profits of £1.77m for 2021– almost double that of the previous year – with net mortgage growth of 12%.
Buckinghamshire Building Society put these impressive results down to their productive use of the time during the pandemic to significantly invest in their people and systems. Always famed for their flexible underwriting, they have focused increasingly on the importance of delivering that through a seamless and efficient process to help their Broker community give a great service to their clients.
Dick Jenkins, Chairman of the Society noted:
‘We invested heavily in our people and systems during the pandemic to enable us to give a quicker and better service to our mortgage customers, particularly making it easier for mortgage brokers to get the results they need for their clients, including those with more niche circumstances. We can now provide our bespoke underwriting approach and our customer service focus much more effectively, allowing us to offer more mortgages than ever before. Our funding and capital strength gives us the ammunition for a lot more growth and now our operational processes allow us to deliver that in practice. There is huge demand for a mortgage lender that can be flexible and competitive across the range of mortgage products and we have the appetite and capability to grow further to meet that need. And, of course, more mortgage business means that we can reward even more savers looking for a good home for their savings.’
Buckinghamshire Building Society is a mortgage lender based in Chalfont St Giles in Buckinghamshire, offering mortgage and savings products throughout England and Wales. Its approach to lending is that of flexibility and mortgages are sourced via intermediaries, who continue to be fundamental to the mortgage market, with IMLA expecting intermediaries’ share of distribution to remain near record levels – just below 80% of mortgage advances by value.
Buckinghamshire Building Society has recently reviewed their product portfolio to ensure they offer a wide range of mortgage products that put customer needs at the core - from First Time buyers, parental support mortgages, Retirement lending, Buy to let and all points in between. This range is continually monitored to ensure it meets the needs of an ever evolving market and by engaging with the intermediaries, using enhanced systems and offering excellent customer service, Buckinghamshire Building Society are well positioned to deliver in 2022 and beyond.
