Saffron announces £3.1m profits
Its mortgage lending activities produced £172m of new lending, with its mortgage book growing to a record £847m.
Jon Hall, chief executive of Saffron Building Society, said: “We have invested in our people, technology and working environments, so that we can perform robustly for our members in the future, as well as today.
“We are continuing to develop our intermediary mortgage proposition and we will be launching further new products during 2014.”
He added that 2013 was the year Saffron reaffirmed its commitment to the intermediary mortgage market by launching Saffron For Intermediaries and its Special Situations and Everyday Situations ranges of mortgage products.