Bath Building Society sees rise in mortgage lending

Jessica Nangle

March 24, 2020

mortgage products drop

Bath Building Society has released its financial results for 2019 which showed its mortgage book has grown to £247.7m.

Overall, the society’s total assets rose to £331.9m, an increase of 2.4% on the previous year.

Profit on ordinary activities before tax was £2.7m, which delivered a 6% increase in its reserves.

Kevin Gray, chief executive at Bath Building Society, said: “With the balances of our mortgages, deposits and reserves all being at record levels, we continue to go from strength to strength.

“Our success comes as a result of the Society delivering on its social purpose, that being to change our members’ lives by giving them security through saving and by facilitating their dreams of home ownership.

“The society’s financial strength gives it more commercial options in the good times and helps to protect its members in the bad times.”

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