View more on these topics

Monmouthshire gross lending up 7.5% in 2014

Monmouthshire Building Society has reported a 7.5 per cent rise in gross mortgage lending for the financial year ended 30 April 2014.

In its annual report, published today, the mutual reports gross lending of £157m, up from £146m advanced in the previous year.

Pre-tax profits were £5.2m, up 27 per cent from £4.1m a year earlier, while total assets grew 10.3 per cent to £976m, up from £885m in 2013.

There was a net inflow of retail savings of £54.6m, compared with last year’s £52.7m.

Monmouthshire BS chief executive Andrew Lewis says: “These results demonstrate that we have experienced yet another exceptional year of business.

“As a regional mutual organisation, we take particular pride in the successful ongoing support we offer local first time buyers to help them achieve their dream of owning their own home. The strength of our overall net lending reflects the Society’s continued focus on the provision of affordable finance and prudent mortgage lending.”



Analysis: Look to your existing clients

We have seen plenty of data during the past few months on remortgaging and how volumes are still subdued. Traditionally, it is because people are on a competitive reversion tracker rate and so either they do not wish to remortgage or the rates available do not provide the incentive. But there are still two markets […]


Analysis: Managing risk for a high LTV future

We are now almost a year on from the moment David Cameron announced he would bring forward the launch of the second part of Help to Buy. Since then, buoyed by the Government guarantee, low-deposit lending has improved considerably, not just from those participating in Help to Buy but by those lenders offering high LTV […]

Wayman-Caroline-FOS-2013 700 x 450.jpg

Bank of Scotland most complained about mortgage lender again

Bank of Scotland was once again the most complained about mortgage provider in the first half of the year after seeing complaints rise 15 per cent year-on-year. According to figures published today by the Financial Ombudsman Service, the lender, which was also the most complained about lender in the second half of last year, received […]


News and expert analysis straight to your inbox

Sign up