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Date posted: 02/07/2009

SUCCESS OF OUR FIXED RATE CASH ISA BOND

The first edition of our Fixed Rate Cash ISA Bond was so successful that it sold out within a week. We have now launched a 2nd issue at 3.26% gross p.a. / AER which features in Moneyfacts’ top 10 Cash ISA accounts. This is a limited edition account so apply quickly to take advantage of this fantastic rate. You can transfer in from another ISA provider while the issue is still available. See the full details on the 2nd Issue Fixed Rate Cash ISA Bond or call Freephone 0800 652 6725 for more information.


Date posted: 25/05/2009

Annual General Meeting 2009

The Society’s Annual General Meeting was held on 22nd April 2009 at The Gardens Association Hall, School Lane, Chalfont St. Giles, Buckinghamshire. The results of Members’ voting were as follows:

 
 Resolution  Votes For Votes Against  Abstentions %For 
To receive the Annual Report and Accounts140147 27 96.75
To re-appoint Mazars LLP as Auditors136587 21 94.01
 To approve the Directors’ Remuneration Report1212205 58 85.53
To re-elect Michael John Stannard12991504489.65
To elect James Mundell13061365190.57
 

The Society pledged to donate 15p to charity for every postal and Annual General Meeting vote cast and 30p for each vote cast online. These raised a total of £268.50 and a rounded up donation of £300 will be made to the Iain Rennie Hospice at Home in Tring.

 

Buckinghamshire Building Society would like to thank all Members who participated in the 2009 voting and those who attended the Annual General Meeting.

   Howard Brown

Society Secretary

 


Date posted: 22/05/2009

NEW CHAIRMAN AND CHIEF EXECUTIVE FOR BUCKINGHAMSHIRE BUILDING SOCIETY AS IT REPORTS A GROWTH IN MORTGAGE LENDING

Against a backdrop of chaos in the financial markets the Buckinghamshire Building Society has reported another successful year.  At the Society’s 102nd AGM on 22nd April, outgoing Chairman Howard Machin revealed that the Society’s total assets have grown 14.89% to £160.09m.  Gross advances during the year were £34.29m (2007: £22.37m) and total mortgage balances have increased by 16.87% (2007: -0.43%) to £113.78m.  The Society’s arrears record remains excellent which is testimony to the success of its stringent loan criteria and responsible lending.    

Also announced at the meeting was the appointment of a new Chief Executive and two new Non Executive Directors.  Ivan Gould, formerly CEO of the Catholic Building Society, will take over from Chief Executive Jim Mundell who is retiring.  Chairman Howard Machin is also retiring and is succeeded by Robert Currie, a longstanding member of the BBS board and Associate Director of surveyors Aitchison Raffety.   Two new Non Executive Directors have also been appointed: Declan Mullen, Senior Strategic Risk Manager for Allied Irish Bank and Barrister Ian Powell who is Counsel for Akkeron, the investment fund and asset management group.  
 
 
 
Pictured from left are Declan Mullen, Howard Machin, Ivan Gould, Jim Mundell, Robert Currie and Ian Powell.

Commenting on the future for the Society, Chief Executive-in-waiting, Ivan Gould said:
“Whereas some people preach prudence and practice recklessness – this Society has always been genuinely prudent and that is what is enabling us to weather this storm.  My role as chief executive will be to maintain our stability while providing the best opportunities for savers.  Jim Mundell and Howard Machin have done a superb job in achieving these results in such turbulent times and I am looking forward to continuing their excellent work.”   


Date posted: 13/05/2009

CHILTERN GOLD NOTICE 90 ACCOUNT IS ONE OF THE MOST CONSISTENT SAVINGS ACCOUNTS

Buckinghamshire Building Society’s Chiltern Gold Notice 90 account has been recognized by Moneyfacts as being one of its top 6 consistently performing savings accounts with notice. Due to all the recent interest rate fluctuations, this means that while the account may not always have paid the best rate, had you left your money in a Chiltern Gold Notice 90 account you would have received the best rate of return over 36 months. So if you are looking for a safe home for your money, read more about our Chiltern Gold Notice accounts.


Date posted: 12/05/2009

IMPORTANT INFORMATION FOR INVESTORS

We have changed some of our terms and conditions and the main points are below:

Interest Rate Change Notification

From June 2009 we will no longer send investors a personal notification of changes to investment interest rates. Instead we will place a notice showing the new and old rates in the following newspapers: Buckinghamshire Advertiser and Bucks Free Press within 3 days of the date of the rate change. Interest rates will also be available to view on our website within 3 days of the change. You can call us on Freephone 0800 652 6725 to enquire about interest rates or to request a leaflet at any time.

 Annual Statements

We will no longer be sending out annual statements for individual accounts. All of our accounts have a passbook which can be updated by the Society for any transactions made on the account to show the current balance. You may send in your passbook to be made up or request a statement of your account at the end of the year if you wish.

  

If you require a copy of our new Terms and Conditions leaflet, please contact the Society.

 


Date posted: 26/03/2009