The society saw lending introduced by intermediaries reach £186m, with it doubling the number it worked with.
Cambridge Building Society achieved a record £265m of mortgage lending in 2016 – growing its mortgage book by 13.5% in the process.
The society saw lending introduced by intermediaries reach £186m, with it doubling the number it worked with.
Andy Lucas, chief operating officer said: “The main purpose of The Cambridge is to help people buy their own homes and we’re delighted that 2016 has been such a successful year. Not only have we lent more than a quarter of a billion pounds in the local area, but we’ve also supported over 120 first time buyers realise the dream of owning their own home.
“Our dedicated business development team is here to support our intermediary partners and they’ve been kept incredibly busy over the past 12 months. We fully expect them to be so again in 2017 and the year has started where 2016 left off.”
Tracy Simpson, head of lending at The Cambridge said: “We’re always looking to make improvements to our service, products or criteria to support intermediaries help more of their clients and we try to respond to suggestions and feedback wherever possible.
“2016 saw us make changes to our self-employed proposition to help this under-served market and reinforce our commitment to intermediaries by paying retention proc fees to recognise the work undertaken when a customer comes to the end of their deal.”
