The Melton Mowbray Building Society completed £74m in gross mortgage lending for the 12 months to 31 December 2019 - up from £57m in 2018.
Overall, its loan book increased by £14m to £377m. This represented a 4.2 per cent rise from 2018’s closing figure of £362m.
The Melton Building Society holds £336m of the group’s total mortgage loan book.
Mortgage arrears as a percentage of total mortgage balances outstanding fell from 1.21 per cent to 0.9 per cent, which the group said reflected its continued drive to improve its loan credit quality.
The group’s profit before tax dropped by £0.2m to £1.2m, which it attributed to the investment into the launch of its peer-to-peer property lender Nexa Finance.
Martin Reason (pictured), chief executive of the Melton, said: “Despite an ongoing fragile economy and uncertain political climate in 2019, the society has performed well and remains focused on meeting the needs of its members for savings and mortgage.
“Clearly 2020 is proving to be a challenging year, however, prudent underwriting and a nimble approach to business means we are able to continue to support both brokers and our members during these unprecedented times.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
