About Mansfield Building Society.
The Mansfield Building Society was established in
1869. In 2010 they were awarded the best
local building society by what mortgage magazine. They are a mutual and members
of the building societies association. The FSA reg no is 206049. They offer a
wide range of financial products and services, aiming to satisfy the needs of
customers.
Mansfied Building Society Information.
Head Office – The Mansfield Building Society, Regent House, Regent Street, Mansfield,
Nottinghamshire, NG18 1SS. Tel: 01623 676300.
Branch Offices –
53 Portland Square,
Sutton-in-Ashfield, Nottinghamshire, NG17 1AZ.
48 Station Street,
Kirkby-in-Ashfield, Nottinghamshire, NG17 7AS.
91 New Square,
Chesterfield, Derbyshire, S40 1AH.
Mansfield Building Society Products
Savings Accounts – Savings Accounts include 1 Year
Fixed Rate Bond, 18 Month Fixed Rate Bond, 3 Year Fixed Rate Bond with choice of monthly or annual interest, 1 and
2 year Fixed Rate ISA’s, Cash Isa with Instant Access, 90 Day Notice Savings
Account, Regular Monthly Savings, Young Savers and an Affinity Account for
Ashgate Hospice.
Mortgage Accounts - Mortgages available include 3 Year
Fixed Rate, 2 Year Discount Rate, Offset, Buy to Let and a Standard Variable
Rate Mortgage.
Insurance – Home & Contents Buildings Insurance.
Others – They can also offer family protection like
life insurance and mortgage protection.
Financial Results Year Ended 31/12/2010
For the year they made a profit after tax of £355,000
(£261,000).
Mortgage Lending – Mortgage balances were only modestly
higher than levels reported at 31 December 2009, despite completing on almost
£40m of new mortgages as borrowers continued to take advantage of the low
interest rate environment and repay a greater proportion of capital. Total
lending including further advances was £39.9m (2009: £35.9m). Advances secured
on residential owner occupied property represented 100% of the total lending
(2009: 98%). At 31 December 2010 there were two mortgage cases where repayments
were twelve months or more in arrears (2009: five), the amount of those arrears
being £13,370 (2009: £27,303) and the mortgage balances £80,607 (2009:
£304,105). 399 mortgages were completed during the year.
Savings – During 2010, the Society experienced a net
increase in members’ savings and deposit balances of £0.5m,
Mansfield Building
Society Directors
Executive Directors – Nigel Quinton and Darren Garner
Non Executive Directors – Nigel Carnall, Nigel Tamplin,
Simon Brister, Christine Morris and Richard Smith.
Membership Numbers – The Mansfield has 3,968 borrowing members and 22,293
investing (saving) members.
Other information – website mansfieldbs.co.uk.
