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Ipswich Building Society reaffirms its commitment to Mortgage Misfits and local borrowers at its 166th AGM

 Added: 30 March 2016

Ipswich Building Society reaffirms its commitment to Mortgage Misfits and local borrowers at its 166th AGM

 

Ipswich Building Society held its 166th AGM on the 23rd March at Trinity Park.  The Society’s CEO, Paul Winter, and Chairman, Sarah Evans, looked back on the highlights of 2015 and reaffirmed its continued support for Mortgage Misfits and local borrowers in the year ahead. The event which is part of the Society’s All In membership programme, attracted approximately 200 attendees.   


Sarah Evans, Chairman of Ipswich Building Society, stated, “The quality of lending that we did in 2015 was good with 70% being to people buying a home in East Anglia.  93% would be classed as ‘prime residential lending’.  In summary, we are able to lend money to good quality borrowers, many of whom are in our local area; an area we know well and where we have a good understanding of the housing market.”


Reaffirming his support for Mortgage Misfits, Paul Winter, CEO of Ipswich Building Society, said, “Our mission is to enable people to have a home of their own, so we look at the best ways of achieving this aim.  That means treating applicants as individuals with their own specific needs.  Our Mortgage Misfits campaign was acknowledged on a national level as being one that was innovative and necessary.  People’s lives don’t fit into neat boxes that can be assessed by computer programmes.  We have a highly experienced underwriting team who can judge the crucial ability of a potential borrower to pay their mortgage.  We must be getting it right as our mortgage arrears figures are below national averages and are continuing to fall.”


Dr. Suzannah Lipscomb, the star of BBC4’s Hidden Killers series and Channel 5’s Witch Hunt: A Century of Murder, was invited to speak at the AGM about the importance of understanding past history and what its legacy can teach us.

 

AGM pic

 

Your home may be repossessed if you do not keep up repayments on your mortgage.