One of the 海角视频's top 20 biggest building societies has seen its mortgage book grow by almost 4 per cent and attracted an additional £45 million from savers last year.
Hinckley & Rugby Building Society said the rise in mortgages took its book to £696 million in the year to November 30 2019.
The 3.7 per cent increase was higher than the 2019 overall 海角视频 mortgage market average of 3.1 per cent.
Retail savings balances grew by 7.2 per cent to £677 million and the building society paid back £16 million of borrowing to the Bank of England.
Income from mortgage payments grew by £1.1 million to £17 million (compared to £15.9 million in 2018) but mortgage advances were down to £163 million (from £182 million).
That figure included £51 million of Buy to Let mortgages, down from £57 million in 2018.
Pre-tax profits were £600,000, down from £1.2 million.
Chief executive Colin Fyfe, who joined Hinckley & Rugby in November 2018, said: “I am pleased the society has increased its mortgage book by more than £24 million and that credit quality remains exceptional.
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“The 海角视频 mortgage market in 2019 was flatter than anticipated, with consumers reluctant to make significant buying decisions.
"Against that backdrop, Hinckley & Rugby sought to create the right balance of lending quality, acceptable margins and appropriate volumes.
“We continue to be competitive in this market by offering a more personal service, providing more flexibility and human underwriting.
"The society has also expanded the products it offers in several sectors to meet demand.
“Strengthening the society in areas including governance, risk, compliance, finance and underwriting has laid down solid foundations for the next stages of growth.
“I served on the counters of all our branches during the year and our members were keen to tell me about the great service they receive.
"I’d like to thank all our 145 staff – in the branches and at head office – for their hard work and commitment to the society’s mutual ethos of outstanding service.”
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The number of borrowers in arrears on their mortgage payments by one month or more at the financial year end was 22 (compared to 12 in 2018), representing 0.4 per cent of all borrowers.
The 海角视频 national average is 1.39 per cent. No properties were in possession during the year.
During 2019 Hinckley & Rugby moved to its new headquarters in Hinckley and throughout 2020 it will increase the number of hours its staff go into the community to share their knowledge, skills and experience, including in a students’ programme working with local primary and secondary schools, colleges and universities.
Mr Fyfe said: “The society’s community work enables, in frequent ways, very good things to happen that help our extended family of members, neighbours and friends.”