History and Profile of the Saffron Building Society
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Head Office Saffron Building Society, Saffron House, 1A Market Street, Saffron
Walden, Essex, CB10 1HX. Telephone: 01799 522211 Branch Addresses 1 Ongar Road, Brentwood, Essex, CM15 9AU 2 Market Square, Bishop's Stortford,
Hertfordshire, CM23 3UU 5 High Street, Colchester, Essex, CO1 1DA 32
Connaught Avenue, Frinton on Sea, Essex, CO13 9BR 31 High Street, Great Dunmow, Essex, CM6
1AB 38 High Street, Halstead, Essex, CO9 2AP 2 Queen Street,
Haverhill, Suffolk, CB9 9EF 22 Market Hill. Royston, Hertfordshire, SG8 9JG 27 Bell Street, Sawbridgeworth, Hertfordshire, CM21 9AR 2 Romford Road, Stratford,
London, E15 4BX 57 High Street, Ware, Hertfordshire, SG12 9AD
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Saffron Building Society Directors' Remuneration year ended 31/12/2011
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Pension and Life Contributions
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12,000
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Saffron had 5 during the year
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* Also received £30,000 for loss of office.
Saffron Building Society Range of Products
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Saffron Building Society offers a range of savings accounts including tax free ISAs, fixed rate bonds and easy access savings accounts, mortgages and insurance products including
motor, travel, commercial and home insurance.
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Financial Results Year Ended 31st December 2011
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Profit after tax for the year of £1,354,000 as against £832,000 the year before. £160
million of new mortgage loans were completed and arrears where accounts were 3 months or more in arrears at the year
end was only 0.35% as against the industry average of 2.05%. £587,000 was set aside for bad debts and £618,000
was paid to the FSCS Levy.
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Saffron Building Society Financial Results year ended 31st December 2010
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Saffron building society made a profit after tax of £832,000 as against £1,682,000 the year
before.
£191,000 was charged as a provision against bad debts.
During the year there was £144
million of new mortgage loans and accounts with mortgages 3 months or more in arrears was 0.39%, 30,000 new savings accounts
were opened resutling in an increase in retail savings balances of 15.2% and they now have 3,000 home and car insurance
customers.
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Saffron Building Society Financial Results year ended 31st December 2009
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Saffron building society made a profit after tax of £1,682,000 as against £890,000 the year
before.
£558,000 was charged as a provision against bad debts.
0.57% of the mortgage book was
3 months or more in arrears
The average loan to value of the mortgage book was 69% (68% 2008)
As at
the 31st December 2008 the group had 14 properties in possession. At the year end Saffron Building society had 4 mortgage accounts over 12 months in arrears (2008 2)
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Saffron Building Society Financial Results year ended 31st December 2008
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Saffron building society made a profit after tax of £890,000 as against £3,085,000 the year
before after paying £1,115,000 to the fscs levy. £1,400,000
was charged as a provision against bad debts as against £300,000 the year before.As at the 31st December 2008
the group had 18 properties in possession. At the
year end Saffron Building society had retail savings balances in excess of their mortgage balances.
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