Hanley Economic Buiding Society.
About Hanley Economic Building Society.
The Staffordshire Potteries Economic Permanent Benefit
Building Society was founded in October 1854 and they celebrated their 150th
anniversary on 21st October 2004 . The name was shortened in 1930 to Hanley
Economic Building Society. They can provide independent financial advice
through their subsidiary company Hanley Financial Services Ltd. Hanley are a
member of the building societies association and the FSA reg is 206024.
Hanley Economic Building Society Information.
Head Office – The Hanley Economic Building Society,
Granville House, Festival Park, Hanley, Stoke-on-Trent ST1 5TB. Tel (0800) 542
8790
Branch Offices – Biddulph, Festival Park (situated
within the Head office Building), Hanley, Longton, Newcastle and Stone.
Hanley Economic Building Society Products
Savings Accounts – Savings Accounts include Branch
Regular Saver, Branch Saver, Corporate Saver, Cash ISA, Child Trust Fund,
Instant Access, Notice 30, Notice 90 and Young Savers.
Mortgage Accounts - 2 Year Discount Mortgage - 90% LTV,
3 Year Discount Mortgage - 80% LTV, 2 Year Discount Mortgage (90% LTV), 2 Year
Discount Mortgage (85% LTV), Home Improvement Loan, Secured Personal Loan,
Self-Build Mortgage, Shared Ownership Variable Rate Mortgage and Standard
Variable Rate Mortgages.
Insurance – Home Contents & Buildings Insurance and Travel Insurance.
Others – As IFA’s they can provide you with a complete
financial service proposition covering a range of items including –
investments, life assurance, pensions and income protection.
Financial Results Year Ended 31/08/2011
Profit after tax for the year £323,000.
Gross mortgage advances increased by 58% to £36 million. 3 mortgage loans were 3 months or more in arrears and one property was repossessed during the year.
Retail savings balances dropped by 6.1% Financial Results Year Ended 31/08/2010
For the year the Hanley Economic Building Society made
a profit after tax of £727,000 (£963,000).
Mortgage Lending – In 2009/10, the level of mortgage
advances at £23 million was the lowest for many years and well below the
previous year’s £32 million. At the end of the financial year only 0.66% of
mortgage balances were 3 months or more in arrears (20 cases out of 3,043
mortgages), they had only three cases of over 12 months arrears and only one
residential property was repossessed in the year. In total they have only 66
borrowers in arrearswith an arrears aggregate of just £107,000 which is their
lowest level of residential mortgage arrears since 1981.
Savings – Share balances at 31 August 2010 were £286.9m
(2009: £288.2m), a decrease of £1.3m on the previous year.
Hanley Economic Building Society Directors
Executive Directors – D Webster, S Jones and D J
Thompson (until 22.10.2010).
Non Executive Directors – E V Jenner, Lord Stafford, P
R Dearing, A Henshaw and J H Wood.
Membership Numbers – The Hanley has 4,062 borrowing
members and 32,648 investing (saving) members.
Other information – website thehanley.co.uk. | 
