SKIPTON Building Society says it has delivered a ‘robust performance’ when announcing its annual results, claiming strong growth in membership, mortgages and savings.

The Society has increased its mortgage balances by 10.3 per cent since the end of 2018, helping 29,727 people to purchase or remortgage their properties in 2019. The Society also increased its savings balances by 7.6 per cent and paid 0.54 per cent above the rest of market average rate to its savers during the year.

David Cutter, Skipton’s Group Chief Executive, said:“This is a solid and balanced performance which has seen us increase our membership and increase our mortgage and our savings balances at rates above our natural market share, despite a subdued housing market and highly competitive mortgage market.

“In the face of a challenging operating environment, Skipton has continued to deliver first class service and value to its members. We have continued to invest in our business for the benefit of current and future members, we have launched an app for our customers, which saw 100,000 registrations during the year, and we have made some major changes to our financial advice offering, making it more personal, affordable and straightforward and hence accessible and relevant to more people.

“Since 1853, our purpose has been to help more people into homes and save for their future.”