Principality Building Society Enters Top 10
Principality is the biggest mortgage lender in Wales. 2007 saw a good performance from the Welsh building society, moving them in to the top 10 building societies
Principality claims that it is in a strong position to whether the global credit crunch. Over 85% of its mortgages are financed by internal savings, rather than borrowing from other financial institutions.
Principality reported assets of over £5bn for the first time and a pre-tax profit of £30.6m.
Northern Rock by contrast raised nearly 60% of its mortgage loans by reselling in capital markets.
How Credit crunch could undermine Housing Market
Largest Mortgage Lenders
Principality.co.uk
Is Housing Panic Justified?
Principality claims that it is in a strong position to whether the global credit crunch. Over 85% of its mortgages are financed by internal savings, rather than borrowing from other financial institutions.
Principality reported assets of over £5bn for the first time and a pre-tax profit of £30.6m.
Northern Rock by contrast raised nearly 60% of its mortgage loans by reselling in capital markets.
How Credit crunch could undermine Housing Market
Largest Mortgage Lenders
Principality.co.uk
Is Housing Panic Justified?
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