The Scottish Building Society (SBS) has embarked on a partnership with European climate change analysts Ambiental to assess flood risks in more than £400 million of mortgages. The modelling work draws on Ambiental’s predictive analytics, machine learning and expertise to foreca
Scottish Building Society
Scottish Building Society (SBS) has announced the opening of a £500,000 branch in Aberdeen to support existing customers and drive new business in the North East. The world’s oldest building society has completed the refit of a three-storey office block on the corner of Union Street and
The Scottish Building Society (SBS) has today announced a record £74 million increase in mortgage lending and a record £58m growth in savings balances. In a year the Society described as “extreme conditions”, profit before tax increased by 34% to £840,000.
Paul Denton, the head Scottish Building Society (SBS) has welcomed a dramatic rise in house prices - but warned the impact of COVID-19 could prove a barrier to a generation of buyers getting on to the housing ladder. Yesterday's House Price Index released by the Land Registry and the Office for Nati
Leading Scottish financial services executive Neil Easson has joined the board of the Scottish Building Society. Mr Easson has more than 20 years’ experience in the sector, having held a range of senior positions at Lloyd’s Banking Group.
The Scottish Building Society (SBS) has pledged that none of its customers will be at risk of losing their home over the next 12 months as it announced an emergency support package for customers in financial difficulty due to COVID-19. As well as banning repossessions, the society is extending the c
The Scottish housing market could recover quicker from coronavirus than the last financial crash if the government freezes sales taxes to help home buyers, according to Paul Denton, CEO of Scottish Building Society. He said support measures such a Land and Buildings Transaction Tax holiday could acc
Scottish Building Society chief executive Paul Denton has forecast that Scotland’s £18 billion housing market will experience two waves of bounce-back when the country emerges from lockdown. Mr Denton expects that the market will return to pre-COVID-19 levels.
Scottish Building Society (SBS) has partnered with Alzheimer Scotland’s free 24-hour hotline to help those living with dementia and their families. Staff at SBS, the world’s oldest building society, are supporting the charity’s volunteers by providing specialist advice on questions
Stephen Brown has been appointed as the new head of intermediaries at the Scottish Building Society. Mr Brown was a pioneer as one of the UK’s first internet mortgage brokers. In the early 2000’s he moved on to become senior technical manager for moneyQuest who were at the time, Scotland
Scottish Building Society (SBS) has been celebrating after scooping Building Society of the Year award at the annual Mortgage Introducer Scottish Mortgage Awards last week. The awards dinner took place at Prestonfield House in Edinburgh, where the brightest and best of the Scottish property finance
It is "too early" to say if there has been a so-called Boris bounce or Brexit bounce in house prices, Scottish Building Society (SBS) has said. The average price of a house in Scotland increased 2.2 per cent to £151,603, according to the government’s UK House Price Index.
A tailored mortgage to help Scots entrepreneurs on to the property ladder has been launched by Scottish Building Society (SBS). The innovative package recognises the challenges start-ups face in demonstrating to traditional lenders, who use automated credit scoring, that they have a regular income.
House prices in Scotland are growing faster than the rest of the UK, however, Scottish Building Society chief Paul Denton has warned that demand outstrips supply. House prices in Scotland are growing faster than the rest of the UK with the average property £154,798 – an increa
UK Finance has appointed Scottish Building Society chief executive Paul Denton to its mortgages board. Mr Denton joins other senior industry figures, including Santander’s Michael Sard, on the product and services board (PSB).