About Newbury Building Society
Newbury Building Society was established in 1856 being
called The Newbury Permanent Benefit Building and Investment Society. In 1932,
the Society's name was changed to Newbury Building Society. They are a mutual
meaning they are owned by the members and not shareholders and are authorised
and regulated by the FSA and members of the building societies association.
Newbury Building Society Information
Head Office - Newbury Building Society, 17 Bartholomew
Street, Newbury, Berkshire, RG14 5LY Tel 01635 555700
Branch Offices –
1 West St. Helen Street,
Abingdon, Oxfordshire, OX14 5BL
47 High Street, Alton,
Hampshire, GU34 1AW
35 High Street, Andover,
Hampshire, SP10 1LJ
5-6 Chelsea House, Festival
Place, Basingstoke, Hampshire, RG21 7JR
136 The Broadway, Didcot,
Oxfordshire, OX11 8RJ
127 High Street, Hungerford,
Berkshire, RG17 0DL
105b Northbrook Street,
Newbury, Berkshire, RG14 1AA
4 High Street, Thatcham,
Berkshire, RG19 3JD
1 Market Place, Whitchurch,
Hampshire, RG28 7AG
19 Broad Street, Wokingham,
Berkshire, RG40 1AU.
Financial Products
Savings Accounts – Savings Accounts available include 1
year fixed rate bond, Instant Access, Senior Saver, Notice Cash ISA, Square
Deal Cash ISA, 90 and 180 Day Notice Accounts, Monthly Income, Company and
Solicitor Deposit Accounts and Young Saver Savings accounts.
Mortgage Accounts – If you are looking for a mortgage
they offer a range including HomeBuy Direct Mortgages, Fixed Rate, Discount
Mortgages, Buy to Let, New Build HomeBuy, Offset and Standard Variable Rate
Mortgages.
Insurance – Buildings & Contents Insurance,
Mortgage Protection and Legal & General Over 50s Life Insurance.
Other Services – N/A
Financial Results Year Ended 31/10/2010
For the year they made a profit after tax of £3,099,000
(£1,355,000).
Mortgage Lending - Mortgage balances grew over £22m in
2010, with lending levels up almost 50% on 2009. Serious arrears case numbers
have reduced from ten to six during the year and they had only two properties
in possession compared to five a year ago. At 31 October 2010 there were six
accounts where payments were twelve months or more in arrears (2009 - ten). The
total amount of arrears outstanding on these accounts was £44,000 (2009 -
£43,000) and the aggregate capital balance was £455,000 (2009 - £456,000). In
addition, as at 31 October 2010 the Group had two properties in possession
(2009 - five). £91 million of new mortgages were completed.
Savings – Share balances and retail deposit accounts
both rose strongly during the year. The company deposit account proved very
popular with balances increasing by an average of over £1m per month. This
resulted in share balances increasing by £20 million.
Newbury Building Society Directors
Executive Directors – R M W Gardner, L F Bambridge and
G M Knappett.
Non Executive Directors A C D Rann, J H Parker, P J
Brickley, B P Eighteen, H M E Wright and R F Simms.
Membership Numbers – The Newbury Building Society has
5,188 borrowing members and 49,535
investing (saving) members.
Other information – website newbury.co.uk.
