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Market Harborough Building Society is pleased to report successful year.
The Society in its 140th year has, by remaining true to its core business, delivered an increased profit whilst maintaining competitive savings and mortgage rates. Despite difficult trading conditions, the Society improved its capital position and still has not needed to repossess a single property since 2006.
Highlights
- Profit post tax of £1m (2008 £0.5m).
- No properties repossessed since 2006 and arrears performance approximately 10 times better than industry average.
- Over 200 best buy mortgage mentions in national press
- Refurbished Market Harborough branch
- Total assets of £417.30m
Chief Executive of the Society, Mark Robinson, said:
"2009 saw the mortgage market halve in size compared to prior to the recession. The Society has punched above its weight and delivered strong results."
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