About Scottish Building Society
Scotland's 1st Building Society started in March 1848
as the Edinburgh Property Investment Company, changing its name to Scottish
Building Society in 1929. Today they are one of only 2 remaining 100% Scottish
Building Societies. They are members of the UK’s building societies association
and FSA REG is 206034.
Head Office – Scottish Building Society, SBS House, 193
Dalry Road, Edinburgh EH11 2EF. Tel: 0131 313 7700
Branch Offices –
18 Waterloo Street, Glasgow
G2 6DB
71 Queensgate, Inverness IV1
1DG
48 Bank Street, Galashiels
TD1 1EP
27 Ayr Street, Troon KA10
6EB
18 Victoria Street, Aberdeen
AB10 1XA
Scottish Building Society Products
Savings Accounts – Savings Accounts include, St Andrews
Bond, Football Saver, Quicksilver, Young ScotSaver, 90 Day Cash ISA, Affinity
Account. 90 Day Notice Account, Income Plus Monthly Income and an Instant
Access Savings Account.
Mortgage Accounts - First Time Buyer Mortgages, 3 Year Discount Rate Mortgages, Fixed Rate
Mortgages, Variable Rate Discount Mortgages, Guarantor Mortgages, Buy to Let
Mortgages, Standard Variable Rate Mortgages, Self Build & Guest House Mortgages
and Base Rate Tracker Mortgages.
Insurance – Funeral Insurance and House Insurance.
Others – Inheritance and Estate Planning Service to
preserve, protect and pass on family wealth whilst minimising the amount of tax
liability.
Financial Results Year Ended 31/01/2011
For the year they made a profit after tax of £529,000
(£601,000).
Mortgage Lending – During the year they took two
properties into possession during the year following default by the borrowers.
One property was sold at a loss of £33,000. At 31 January 2011 the Group had
only three mortgage accounts in arrears for 12 months or more. Total mortgage
lending for the year amounted to £35.9million, compared with £59.4million the
previous year. The overall effect was that the Group’s mortgage portfolio shrank
from its record level in 2009-10 to £236.0million as at 31 January 2011, a
reduction of 2.1% in the year.
