Nottinghamshire Building Society’s monetary outcomes for the yr present £535.1m in gross new lending (2024: £525.7m), representing a rise of 1.8%.
The lender additionally reported 4,076 new mortgage clients (2024: 4,069), a marginal improve of 0.2% and £4.4bn in complete mortgage belongings (2024: £3.9bn), representing development of £0.5bn (or 12.9%).
The mutual revealed an £8m profit earlier than tax (2024: profit earlier than tax £0.7m), representing a rise of £7.3m, with 2024 impacted by the Philips Trust Corporation cost scheme.
Philips Trust Corporation (PTC) went into administration in 2022 leaving greater than 2,000 individuals out of pocket.
Newcastle, Leeds and Nottingham constructing societies voluntarily provided assist to their respective clients whose cash ended up with PTC.
Commenting on the outcomes chief government Sue Hayes mentioned: “We’re happy to report a optimistic efficiency for the primary half of 2025 as we consolidate the momentum constructed throughout a landmark 2024.”
She added: “Our technique in 2025 is a deliberate one: to average lending development whereas we implement new expertise, strengthen our core banking programs and evolve our mortgage proposition to raised serve clients who don’t match the standard mould. This transformation will allow us to develop with larger velocity and agility in 2026 and past.
“We’ve made nice strides already. We’ve launched a new mortgage platform in July, diversified our funding by way of a profitable public Residential Mortgage-Backed Security (‘RMBS’) issuance and continued to innovate for the good thing about our dealer companions and members.”
