Ipswich Building Society.
About Ipswich Building Society
The Ipswich Building Society has over 160 years
experience of providing mortgages and savings for people in the East of
England, Ipswich Building Society is an independent mutual owned by the
members, not shareholders. They are regulated and authorised by the FSA and
members of the UK’s building societies association.
Ipswich Building Society Information.
Head Office – Ipswich Building Society, Freehold House,
24 The Havens, Ransomes Europark, Ipswich, IP3 9SJ.
Branch Offices –
Unit 22 Tower Ramparts
Shopping Centre, Ipswich, Suffolk, IP1 3BB
46 Hening Avenue, Ipswich,
Suffolk, IP3 9QJ
103 High Street, Aldeburgh,
Suffolk, IP15 5AR
94 High Street, Hadleigh,
Suffolk, IP7 5EL
61 Thoroughfare, Halesworth,
Suffolk, CB9 8AR
16a High Street, Haverhill,
Suffolk, CB9 8AR
10 High Street, Saxmundham, Suffolk,
IP17 1DD
10 Market Hill, Sudbury,
Suffolk, CO10 2EA
New Street, Woodbridge,
Suffolk, IP12 1DT
Savings Accounts – Savings Accounts include easy
access, regular savings accounts, tax free cash isas, children’s accounts,
fixed rate bonds and accounts for corporate and clubs.
Mortgage Accounts - Mortgages available include
Remortgages, Fixed Rate Mortgages, Variable Mortgages, Tracker Mortgages,
Equity Release, Buy to Let and Self Build Mortgages.
Insurance – Mortgage Payment Protection Insurance and Buildings and Home Contents Insurance.
Other Services – N/A
Financial Results Year Ended 30/11/2011
Profit after tax for the year £1,360,000.
Growth in mortgage balances was the main driver for asset growth. Mortgage balances grew once again in 2011 this time by £31.7m. Total mortgage lending in 2011 was £91m. At 30 November 2011 there were 19 (2010: 23) mortgage accounts where payments were 12 months or more in arrears. The total amount
of principal outstanding in these cases was £1,562,399 (2010: £2,117,468). The
total amount of arrears was £155,780 (2010: £10,752). Financial Results Year Ended 30/11/2010
For the year they made a profit after tax of £364,000
(£271,000).
Mortgage Lending – Mortgage balances grew once again in
2010 this time by £34.35m. Balances have now grown by 30% in the last 3 years.
The gross amount outstanding at 30 November 2010 on residential property and
land was £366.5m, an increase of 10% on 2009. Total mortgage lending in 2010
was £80m.At 30 November 2010 there were 23 (2009: 17) mortgage accounts where
payments were 12 months or more in arrears. The total amount of principal
outstanding in these cases was £2,117,468 (2009: £1,889,553). The total amount
of arrears was £180,752 (2009: £155,543).
Savings – Net receipts from savers totalled £75m so
that total savings balances increased to £458m a rise of 22%, this increase has
meant that the Society has reduced further the amount of wholesale funding it
holds to 2% of share and deposit liabilities.
Other Information - At 30 November 2010 the Society has
£21.5m invested with counterparties outside the UK, including a £1m investment
in Allied Irish Bank and a £1m investment in Anglo Irish Bank. The remainder is
invested with central European institutions and German, Swiss, Belgian and
Australian banks. All of these investments are in senior debt.
Ipswich Building Society Directors
Mark J Sargeantson (Chairman), Kieron F Blackburn, Derek W
Bowden, Jeremy Bristol (Deputy Chairman) (retired 30 November 2011), E Sarah
Evans, Alan Harris (appointed 1 July 2011), Michelle A Tennens, Charles B
Tilley and Paul Winter.
Membership Numbers – The Darlington Building Society has
6,250 borrowing members and 62,270 investing (saving) members.
Other information – website ibs.co.uk. |
