Mortgage completions up by more than a quarter at Black Country mutual

MORTGAGE completions have risen by more than a quarter at The Tipton and Coseley Building Society.

For 2016, the Tipton’s mortgage completions totalled £66.58m, up £14.50m from £52.07m in 2015, an increase of almost 28%.

The society’s mortgage applications were also up last year, processing £92.94m worth of applications, up £21.18m from £71.75m in 2015, an increase of close on 30%.

Richard Newton, the Tipton’s chief executive, said: “A wide range of products and a sensible approach to lending have helped buoy mortgage completion and application figures. We’ve worked hard over the past 12 months to widen our mortgage range and we remain committed to individually assessing all applications, factors which have both contributed to these upbeat figures.

“I’m pleased that our mortgage business achieved such success last year and I’m confident these results will set the scene for 2017 and beyond.”

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