THE Newcastle Building Society says it plans to lend more than £125m to borrowers in the North East this year.
This move by Newcastle follows its increased lending in 2010 compared to 2009, with its popular 90% loan-to- value first-time buyer products proving popular.
Chief executive Jim Willens said: “As the ‘Newcastle’ Building Society our heart is in the North East and as a result we want to support the people here as much as we can. In 2010, and throughout the credit crunch, we have continued to offer a range of competitive mortgage products, including our very popular 90% loan-to-value first-time buyer product and fixed-rate deals which give the borrower certainty of payment.
“This year we are ready and eager to help even more.
“People of the North East should be able to feel they can just pop to their local town or city centre and receive help from a local lender they can trust. We are very much in the market to do that and to lend.”
NBS has 30 branches in the Northern region and 2010 saw it launch its state-of-the-art flagship branch in the in Northumberland Street.
Willens added: “We are committed to the principles of mutuality, which means putting the customer first, and this is seen in the heart of our corporate plan and the key business decisions we make.”