Jon Hall, chief executive at Saffron, said: "This is an impressive achievement against the background of a stagnant housing market and lack-lustre economy and is testament to the hard work and dedication of all our people.
“We have maintained our focus on providing mortgages for borrowers who, despite being perfectly creditworthy, find themselves in situations where there is a challenge in securing suitable products from other high street lenders.”
Hall said the lender had particular success with its mortgages for prime borrowers, first time buyers, landlords, self-builders and borrowers requiring bridging finance.
Hall added: "Our objective for 2013 is to further develop our product and service proposition so that we can continue to satisfy the needs of applicants whatever situation they find themselves facing.
“We anticipate that our gross lending volumes during the year ahead will be broadly in line with our 2012 results."
