Darlington Building Society News.
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March 2011 Darlington Building Society’s release of £50m worth of mortgage finance has started
to stimulate the local housing market by helping generate over 250 mortgage applications, since the beginning of December
2010. The £50 million has been made available across a varied range of mortgage products, including products for the
critically important first time buyers and buy to let sectors of the housing market. The products comprised fixed rate,
base Rate tracker, and discounts from the Society’s standard variable rate.
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Darlington Building Society.
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Darlington Building Society was founded in 1856, as the Darlington
Working Men's Equitable Permanent Building Society. The head office address is Darlington Building Society, Sentinel House,
Lingfield Way, Darlington, DL1 4PR.
They offer a number of products
including
Mortgages-Discount mortgages, Standard variable rate
mortgage, Fixed rate mortgages, Tracker mortgages, Buy to let mortgages and First time buyer mortgages.
Savings Accounts-Cash ISAs Tax-free savings accounts -, Notice accounts, Regular savings accounts,
Children’s accounts and Monthly Income Accounts.
Insurance-Home Insurance and Life Insurance.
For the year ended 31/12/2010 The Financial Results for Darlington
Building Society were 2009 figures in (brackets)
Profit £737,000
(555,000)
Assets £531,115,000 (£582,935,000)
Executive Directors Pay £129,745 (£136,401)
Non Executive Directors Pay £251,805 (£302,753)
During the financial year Darlington Building Society mortgage losses were £47,000 and £16,731 (£17,582)
was donated to charity.
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