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Leek United Building Society boosts lending as profit jumps fourfold to £3.6m

Leek United Building Society boosts lending as profit jumps fourfold to £3.6m

Leek United Building Society saw its pre-tax profit jump fourfold to £3.6m, as it boosted mortgage lending and posted record assets after taking advantage took advantage of a buoyant mortgage market last year. The mutual says its annual profit lifted from £0.9m in 2020, as home loan lending rose 8% to £174m in the 12-month ...

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Leek United Building Society boosts lending as profit jumps fourfold to £3.6m
Leek United Building Society boosts lending as profit jumps fourfold to £3.6m
Leek United Building Society boosts lending as profit jumps fourfold to £3.6m
Leek United Building Society boosts lending as profit jumps fourfold to £3.6m
mortgagefinancegazette mortgagefinancegazet... | 2 years ago
Leek United Building Society saw its pre-tax profit jump fourfold to £3.6m, as it boosted mortgage lending and posted record assets after taking advantage took advantage of a buoyant mortgage market last year. The mutual says its annual profit lifted from £0.9m in 2020, as home loan lending rose 8% to £174m in the 12-month ... This story continues at Leek United Building Society boosts lending as profit jumps fourfold to £3.6m Or just read more coverage at Mortgage Finance Gazette
Leek United Building Society saw its pre-tax profit jump fourfold to £3.6m, as it boosted mortgage lending and posted record assets after taking advantage took advantage of a buoyant mortgage market last year. The mutual says its annual profit lifted from £0.9m in 2020, as home loan lending rose 8% to £174m in the 12-month ... This story continues at Leek United Building Society boosts lending as profit jumps fourfold to £3.6m Or just read more coverage at Mortgage Finance Gazette
OSB Group profit jumps 21% to £268m as rate hikes offset lower lending
OSB Group profit jumps 21% to £268m as rate hikes offset lower lending
OSB Group profit jumps 21% to £268m as rate hikes offset lower lending
OSB Group profit jumps 21% to £268m as rate hikes offset lower lending
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The firm says gross new lending was down 7% to £2.3bn in the six months to the end of June compared to the year before. However, the lender benefited from the Bank of England hiking interest rates six times in a row since December to 1.75%, as the central bank bids to combat rising inflation. OSB, founded in 2011, says its net interest margins lifted to 280 basis points and 236bp, “benefitting from base rate rises”. if ($(window).width()
The firm says gross new lending was down 7% to £2.3bn in the six months to the end of June compared to the year before. However, the lender benefited from the Bank of England hiking interest rates six times in a row since December to 1.75%, as the central bank bids to combat rising inflation. OSB, founded in 2011, says its net interest margins lifted to 280 basis points and 236bp, “benefitting from base rate rises”. if ($(window).width()
Newcastle Building Society posts lower profit and lending in ‘challenging’ first half
Newcastle Building Society posts lower profit and lending in ‘challenging’ first half
Newcastle Building Society posts lower profit and lending in ‘challenging’ first half
Newcastle Building Society posts lower profit and lending in ‘challenging’ first half
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The mutual reports pre-tax profit down 10.7% to £14.2m in the period to the end of June compared to a year ago, while gross mortgage lending fell 7.2% to £448m. “The first half of 2022 has seen the external environment continue to be unpredictable and increasingly challenging, with the pandemic still evident in our way of life, we now are facing unprecedented high inflation and a potential cost of living crisis,” says Newcastle Building Society chief exe...
The mutual reports pre-tax profit down 10.7% to £14.2m in the period to the end of June compared to a year ago, while gross mortgage lending fell 7.2% to £448m. “The first half of 2022 has seen the external environment continue to be unpredictable and increasingly challenging, with the pandemic still evident in our way of life, we now are facing unprecedented high inflation and a potential cost of living crisis,” says Newcastle Building Society chief exe...
Skipton Building Society posts £160m first-half profit
Skipton Building Society posts £160m first-half profit
Skipton Building Society posts £160m first-half profit
Skipton Building Society posts £160m first-half profit
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The group, which also owns estate agent Connells, says its mortgages and savings unit saw pre-tax profit jump by 48% to £128.3m in the six months to the end of 30 June, “due principally to increases in net interest income and improved interest margins”. In May, the mutual posted its highest ever month for mortgage applications, totalling £1.1bn. It also approved mortgages to 6,200 first-time buyers during the half year and extended its shared ownership o...
The group, which also owns estate agent Connells, says its mortgages and savings unit saw pre-tax profit jump by 48% to £128.3m in the six months to the end of 30 June, “due principally to increases in net interest income and improved interest margins”. In May, the mutual posted its highest ever month for mortgage applications, totalling £1.1bn. It also approved mortgages to 6,200 first-time buyers during the half year and extended its shared ownership o...
Dudley Building Society sees mortgage lending jump threefold to £71.1m
Dudley Building Society sees mortgage lending jump threefold to £71.1m
Dudley Building Society sees mortgage lending jump threefold to £71.1m
Dudley Building Society sees mortgage lending jump threefold to £71.1m
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
It says mortgage advances jumped more than threefold to £71.1m, while total mortgage assets lifted 1.1% to £410.5m compared to a year ago, according to its annual report released today. But Dudley Building Society chief executive Jeremy Wood said in his review in the annual report: “During the early days of the pandemic the board was anxious that a greater effort should be placed on maintaining services for existing rather than acquiring new members. “As...
It says mortgage advances jumped more than threefold to £71.1m, while total mortgage assets lifted 1.1% to £410.5m compared to a year ago, according to its annual report released today. But Dudley Building Society chief executive Jeremy Wood said in his review in the annual report: “During the early days of the pandemic the board was anxious that a greater effort should be placed on maintaining services for existing rather than acquiring new members. “As...
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Beverley Building Society appoints Bedford as new chief executive
Beverley Building Society appoints Bedford as new chief executive
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Beverley Building Society appoints Bedford as new chief executive
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
Beverley Building Society has appointed Janet Bedford as the new chief executive of the East Yorkshire mutual. Bedford, who has been deputy chief executive since 2017, replaces Karl Elliott, who led the business for five years. Bedford, a qualified chartered accountant, first joined the building society in 2014 as finance director. The firm said that ... This story continues at Beverley Building Society appoints Bedford as new chief executive Or just read more coverage at Mortgage Finance Gazett...
Beverley Building Society has appointed Janet Bedford as the new chief executive of the East Yorkshire mutual. Bedford, who has been deputy chief executive since 2017, replaces Karl Elliott, who led the business for five years. Bedford, a qualified chartered accountant, first joined the building society in 2014 as finance director. The firm said that ... This story continues at Beverley Building Society appoints Bedford as new chief executive Or just read more coverage at Mortgage Finance Gazett...
Buckinghamshire Building Society appoints Wass as CEO
Buckinghamshire Building Society appoints Wass as CEO
Buckinghamshire Building Society appoints Wass as CEO
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The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
He will take up his post at the mutual in mid-September 2022 replacing retiring head Gerard O’Keeffe. Wass joins from Nationwide where he worked for four years, leaving as director of member propositions, banking, insurance & investments in April. Prior to that, he worked in a variety of roles for Barclays over 15 years, leaving as managing director, transactional business in April 2016. if ($(window).width()
He will take up his post at the mutual in mid-September 2022 replacing retiring head Gerard O’Keeffe. Wass joins from Nationwide where he worked for four years, leaving as director of member propositions, banking, insurance & investments in April. Prior to that, he worked in a variety of roles for Barclays over 15 years, leaving as managing director, transactional business in April 2016. if ($(window).width()
United Trust Bank celebrates £1bn of lending
United Trust Bank celebrates £1bn of lending
United Trust Bank celebrates £1bn of lending
United Trust Bank celebrates £1bn of lending
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
United Trust Bank has passed the £1bn milestone of specialist mortgage lending, following 50% year-on-year growth in new mortgage lending from 2020 to 2021. The total includes first and second charge residential mortgages across the bank’s product range. UTB Mortgages, the bank’s mortgage division, launched in 2015 with a limited range of second charge mortgages. ... This story continues at United Trust Bank celebrates £1bn of lending Or just read more coverage at Mortgage Finance Gazette
United Trust Bank has passed the £1bn milestone of specialist mortgage lending, following 50% year-on-year growth in new mortgage lending from 2020 to 2021. The total includes first and second charge residential mortgages across the bank’s product range. UTB Mortgages, the bank’s mortgage division, launched in 2015 with a limited range of second charge mortgages. ... This story continues at United Trust Bank celebrates £1bn of lending Or just read more coverage at Mortgage Finance Gazette
Leeds Building Society doubles profit, walks away from second homes market
Leeds Building Society doubles profit, walks away from second homes market
Leeds Building Society doubles profit, walks away from second homes market
Leeds Building Society doubles profit, walks away from second homes market
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The country’s fifth-largest building society says gross lending lifted by 25% to £2.5bn over the period, while net lending doubled to £1.2bn in the first half to 30 June. Both of these lending figures were record half-year amounts for the firm. The business also benefited from a £42m exceptional fair value adjustment in the period. It adds that nine of its 10 biggest lending days ever occurred in the period, leading to its highest number of completions in...
The country’s fifth-largest building society says gross lending lifted by 25% to £2.5bn over the period, while net lending doubled to £1.2bn in the first half to 30 June. Both of these lending figures were record half-year amounts for the firm. The business also benefited from a £42m exceptional fair value adjustment in the period. It adds that nine of its 10 biggest lending days ever occurred in the period, leading to its highest number of completions in...