MHBS announces strong 2022 financial results

We’re thrilled to announce another highly successful year for the Society!

Our total assets grew to over £600 million and we have achieved record levels of new mortgage lending (£182 million).

As a specialist lender, we continued to focus on helping intermediaries with complex cases and launched innovative products, including a high net worth mortgage range. We delivered significant levels of new mortgage business with balances growing by 15% on the previous year, making homeownership a reality for many borrowers, including those with complicated circumstances.

Having a robust financial foundation has allowed us to invest in technology to support members and intermediary partners. In 2022 we launched our Case Hub, an online mortgage application system for intermediaries. A new telephone system was installed and we upgraded our online service, making it easier for members to get in touch.

Earlier this year, we were delighted to receive a feefo Gold Trusted Service Award for the second year in a row! Click here to see what our intermediary partners have to say about us.

A word from our CEO…

Commenting on the results, Chief Executive Iain Kirkpatrick said: “It has been another fantastic year for MHBS and this strong set of results reflects our commitment to doing the right thing for both our savers and borrowers.

Most importantly, this exceptional set of financial results has allowed us to launch our Thrive Agenda and pledge an unprecedented amount of support to our community. In a unique new initiative, we recently invested £2 million into six brand new homes. Working with a local housing association, the homes have been allocated to those most in need in our area. We have plans to support many other exciting projects over the coming months.

This is my first year as CEO of Market Harborough Building Society and I am excited about what the future holds as we build on our commitment to helping our members, colleagues and communities to thrive. I’m looking forward to meeting many of our members at our AGM.”

What’s next?

We recognise the growing need for specialist lenders and those who don’t apply a one size fits all approach. We’re taking steps that will help even more intermediaries to work with us and provide the right mortgage solution for their clients. 

Recently we launched our new multi-generation mortgage range to help friends and family groups buy and live together. We take up to four incomes into consideration and offer joint borrower, sole ownership options and the two.

We also lowered our fixed rates by up to 0.75% across our range of residential and buy to let mortgages. 

Our Specialist Business Development Managers are out on the road meeting intermediaries face to face and appearing at mortgage network events. Follow us on LinkedIn to stay up to date with our latest news!

Get in touch

To discuss how we can help you with your clients’ complex circumstances, please call the Intermediary Team on 01858 412345 or visit our products page for more information on our specialist lending solutions.