Ecology Building Society Profile and History

The Ecology is the newest building society having been founded in 1980 as is more specialist than the rest as the starting point for mortgage application is to assess the environmental impact of the project which is rather different to most banks and building societies. Financial Results 2010. Overall growth in assets was much for the Ecology Buidling Society at 1.8% as against the 9.1% experienced in 2009. Gross lending for the year was up at £14.5m (2009: £12.6m), with record net lending of £10.0m (2009: £8.8m). Provisions against possible mortgage were increased to £577,000 (2009: £170,000). Net profi t (surplus) for the year was lower at £343,000 (2009: £344,000). Savings balances increased by 1.59% (2009: 8.54%), growing from £87.26 million in 2009 to £88.65 million by the end of 2010. Results 2009 The Ecology Building Society made a profit for the year ended 31/12/2009 of £319,000 after tax this is after a £79,000 contribution to the fscs levy. Provisions against mortgage losses were down at £52,000 (2007 £79,000) Savings balances grew by 15.76% to £80.4 million.

Ecology Building Society Product Range

The Ecology provides mortgages and savings accounts. The savings accounts include, cash ISA, and foundation share. The savings rates generally seem to be quite low but by saving with them you are entering into a partnership to help build a more sustainable future. Mortgages from the Ecology include buy-to-let, small woodland, mortgages for housing co-operatives and residential mortgages.