About N&P.
The Norwich Building Society was founded in 1852 as the
Norwich and District Provident Permanent Benefit Building and Freehold Land
Society. In 1860 the Peterborough Provincial Benefit Building Society was also
formed. Norwich and Peterborough Building Society was formed by the merger of
the two building societies in 1986. On 20 April 2011, the Boards of Norwich
& Peterborough Building Society (N&P) and Yorkshire Building Society
(the Yorkshire) jointly announced the terms of a proposed merge between the two
Societies. The merger requires the approval of N&P’s members at a Special
General Meeting (SGM) of N&P to be held on 22 August 2011. If the proposal
is approved by N&P’s members and the merger is subsequently confirmed by
the Financial Services Authority (FSA), then the merger is expected to become
effective through a transfer of all N&P’s engagements to the Yorkshire on 1
November 2011, at which point N&P would cease to exist as a separate legal
entity keeping the N&P brand and be wholly absorbed into the Yorkshire. The
merger was completed 01/11/2011.
Norwich and Peterborough Building Society Information.
Head Office –Norwich & Peterborough Building
Society, Peterborough Business Park, Lynch Wood, Peterborough, PE2 6WZ. Tel
01733 372 372
Branch Offices – N & P have 46 branches across the
east of England.
Building Society Products
Savings Accounts – Savings Accounts available include a
selection of Easy Access Accounts, Fixed Rate Bonds, Cash ISA’s, Regular
Savings Accounts and Notice Accounts.
Mortgage Accounts – Mortgages available to choose from
include Fixed Rate, Discount, Offset, Buy to Let, Green Mortgages, Standard
Variable rate, Commercial and Self Build Mortgages.
Insurance – Home Insurance, Motor Insurance, Travel
Insurance, Landlord Insurance, Business Insurance and 50 Plus Life Insurance.
Others – Financial advice and current accounts.
Financial Results Year Ended 31/12/2010
For the year they made a loss after tax of £48.9
million (£51 million loss).
Mortgage Lending – Mortgages were lent to 1,159
borrowers and totalled £88m (2009: £124m). Redemptions totalled £295m (2009:
£251m). At 31 December 2010, 77 mortgages (2009: 49mortgages), including those
in possession, were in arrears with repayments due to the Group for twelve
months or more. The total mortgage debt outstanding on these loans was £9.7m
(2009: £10.0m) including arrears of £0.9m (2009: £0.9m).
Savings – Share balances decreased by £371m during the
year to £2,941m, (2009: £3,312m). Deposit and other borrowings decreased by
£148m to £544m (2009: £692m).
Norwich & Peterborough Building Society Directors
Executive Directors – Matthew Bullock, Mike Hounsell,
David Jervis and Jeff Pritchard.
Non Executive Directors – Janet Turner, Eric Stobart,
Simon Loftus, Bernie Foster, Chris Ewbank, Alan Brown.
Membership Numbers – 52,968 borrowing
members and 388,434 investing (saving) members.
Other information – website nandp.co.uk.
