Vernon Building Society Profile and History |
Vernon Building Society was founded in 1924 in Stockport. Head Office 19 St Petersgate Stockport SK1 1HF Tel 0845 129 7100 Branches 12b Woodford Road, Bramhall,
SK7 1JJ 141-143 Castle Street, Edgeley, SK3 9AR 190 London
Road, Hazel Grove, SK7 4DQ 1 The Ridgedale Centre, Hollins Lane, SK6 6AW 89 Park Lane, Poynton, SK12 1RD 4 Gorton Road, Reddish, SK5 6AE
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Vernon Building Society Directors' Remuneration year ended 31/12/2010 |
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Vernon had a maximum of 5 over the year |
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Vernon Building Society Product Range |
The vernon offers a range of products. On the savings side they offer ISAs, postal accounts, notice accounts,
50 Plus Reward, instant access savings accounts and fixed rate accounts. On the mortgage side they offer discount mortgages,
fixed rate mortgages and flexible mortgages. From legal and general they can also supply pensions, family protection, permanent health insurance, investment bonds and retirement planning. Vernon Building Society has also started offering travel insurance and buildings and contents insurance.
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Vernon Building Society Financial Results year ended 31/12/2010 |
The Vernon Building Society made a profit after tax of £932,000 as against £497,000 the year
before. This profit was after paying £75,000 to the fscs levy. The society also made a provision of £73,000 against
bad and doubtful debts. £28.8 million was lent in the
way of mortgages to 228 customers. 0.54% of mortgages had arrears.
Management expenses to mean assets ratio increased
to 1.12% from 1.06% the year before.
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Vernon Building Society Financial Results year ended 31/12/2009 |
The Vernon Building Society made a profit after tax of £497,000 as against £89,000 the year
before. This profit was after paying £109,000 to the fscs levy. The society also made a provision of £94,000 against
bad and doubtful debts. 0.38% of total mortgage assets were
in 3 months or more in arrears at year end.(industry average 1.72%)
Management expenses to mean assets ratio
increase to 1.06% from 1.01% the year before.
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Vernon Building Society Financial Results year ended 31/12/2008 |
The Vernon Building Society made a profit after tax of £89,000 as against £768,000 the year
before. This profit was after paying £193,000 to the fscs levy. The society also made a provision of £700,000
from the collapse of Heritable Bank (owned by Lansbanki) 0.16%
of total mortgage assets were in arrears at year end.(industry average 1,57%)
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