Shepshed Building Society.
News - December 2012 - The Boards
of Directors of Nottingham Building Society (The Nottingham) and Shepshed
Building Society (The Shepshed) have agreed in principle that the two societies
should merge. Subject to approval by the members of The Shepshed and
confirmation by the Financial Services Authority, the merger is expected to be
effective from 1 July 2013.
About Shepshed Building Society.
Shepshed Permanent Benefit Building Society was formed
in 1879. The original office was located in Field Street, a stone’s throw away
from the current site. The current site was expanded in 1998.
The Shepshed Building Society is a member of the
Building Societies Association and has two branches plus the head office and
offers a range of mortgages and savings accounts. The society is regulated by
the FSA (reg no 206067). Mortgage Sales are split 25% direct and 75% through
Intermediaries.
Shepshed Building Society Information.
Head Office - Shepshed Building Society, Bull Ring,
Shepshed, Leicestershire. LE12 9QD. Tel 01509 822000.
Branch Offices –
9 Churchgate Mews, Biggin
Street, Loughborough, Leicestershire. LE11 1TZ.
33 High Street, Ruddington,
Nottingham, Nottinghamshire. NG11 6DW.
Shepshed Building Society Products
Savings Accounts – Fixed Rate Bonds, Cash ISA, 90 and
120 Day Notice Accounts, Instant Access and Over 50’s Savings Account .
Mortgage Accounts – 2 Year Discount Mortgage, Shared Ownership, Homebuy Direct Mortgages
that allows you to buy a newly built home on a designated development with the
assistance of two equity loans. One loan is from the Government, the other loan
is from the Developer.These two loans combined can cover up to 30% of the total
purchase price, and Shepshed Building Society can provide a mortgage for the
remaining 70% of the purchase price, subject to approval. Repayments on the
mortgage will be made in the usual way, with nothing payable on the amount that
the Government and Developer contributed for the first five years, Buy to Let,
Variable Rate and 3 Year Fixed Rate Mortgages.
Insurance – N/A.
Others- N/A.
Financial Results Year Ended 31/12/2010
For the year the Shepshed Building Society made a
profit after tax of £244,000 (£168,000).
Mortgage Lending – Gross mortgage lending decreased to
£64.4 million from £69.4 million the year before. At the year end there were 12
mortgage accounts where arrears were 12 months or more with total outstanding
balances gross of provisions of £1,231,255 with arrears of £89,882.
Savings – Share balances contracted to £69 million from
£74.8 million the year before.
Shepshed Building Society Directors
Executive Directors – L Parrott and G Williamson.
Non Executive Directors – V A M Bolton, N S Jackson, P
H Loveday, A J Benskin, C McKittrick, M A Thomas and M Upton.
Membership Numbers – The Shepshed has 632 borrowing
members and 12,277 investing members.
Other information – website theshepshed.co.uk.
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