Profits were nearly double their 2020 figure, according to the building society, which it attributed to streamlining during the pandemic.

“We invested heavily in our people and systems during the pandemic to enable us to give a quicker and better service to our mortgage customers, particularly making it easier for mortgage brokers to get the results they need for their clients, including those with more niche circumstances,” said Buckingham BS chairman, Dick Jenkins.

In the fourth quarter of last year, Buckinghamshire BS cut rates across its line-up of prime mortgages, and lifted the LTV on joint borrower sole proprietor products, from 80% to 90%.

In November last year it moved to enhance its application process and optimize its decision in principle (Dip).

Dips can now be processed electronically through the broker platform – Broker Online.