Furness Building Society News.

November 2012 - 3 Year Fixed Rate Cash ISA (Issue 45) offering savers 3.0%.


Furness Building Society.

Furness Building Society was formed in 1865. The head office address is Furness Building Society 51-55 Duke Street, Barrow-in-Furness, Cumbria, LA14 1RT.

They have  branches at Barrow in Furness, Bolton, Dalton in Furness, Grange-over-Sands, Lancaster, Liverpool, Millom, Poulton-le-Fylde, Preston and Ulverston.

They offer a number of products including

Mortgages- Tracker Mortgages, Fixed Rate Mortgages, Discount Mortgages, Self Build Mortgage, Buy to Let Purchase Mortgage, Buy to Let Remortgage and Family Mortgage that allows you to borrow up to 95% of the value of your property you are purchasing with help from a family member.

Savings Accounts- Cash ISAs, Cash ISA 90, Bonus Account, HomeSaver Account, Instant Access Accounts, Affinity Account, Regular Savings, Fixed Term Variable Rate Bond, Notice Accounts and savings accounts for younger Savers.

Insurance-Household Insurance,  Mortgage Protection Insurance,  Level Term Insurance,  Critical Illness Cover,  Family Income Benefit and Income Protection.

For the year ended 31/12/2010 The Financial Results for Furness Building Society were 2009 figures in (brackets)

Profit £1,759,000 (£1,157,000)

Assets £813,459,000 (£842,610,000)

Executive Directors Pay £369,727 (£345,320)

Non Executive Directors Pay £147,654 (£131,140)

Mortgage lending in the year increased to over £96 million representing a 20% increase on 2009.

Management expenses as a percentage of mean total assets increased to 0.99% from 0.84% the previous year.