The Buckinghamshire Building Society has announced mortgage growth of 12% during 2016, resulting in a total mortgage book of £178m. 

Savings balances also grew 12%, with total deposits of £200m.

Andrew Craddock, the Buckinghamshire Building Society’s chief executive, said: “I am pleased to report another year of excellent progress with profits of £1.7m– strong growth in mortgages, an increase in savings balances, an increase in membership and further strengthening of our financial position.

“This has meant that we can remain true to our mutual status and allocate a proportion of our profits to members through higher than the market average savings rates and competitively priced mortgage products.

“This growth also means that we have been able to continue to support the local community throughout the year, installing a defibrillator in Chalfont St Giles, sponsoring the Rennie Grove 2016 Chiltern 3 Peaks Challenge and other local initiatives.

“Our donation from our Charitable Foundation Fund is each year chosen by our members, this year Rennie Grove Hospice will  receive a cheque of £7000 at our AGM.”