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Nottingham Constructing Society reported that its half-year gross new lending jumped 15% to £525.7m from a 12 months in the past, because it added greater than 4,000 new dwelling mortgage prospects.
The mutual mentioned its whole mortgage belongings lifted 18.6% to £3.9bn within the six months to the top of June, in comparison with the earlier 12 months, in a monetary assertion.
New mortgage prospects rose 12.1% to 4,069 over the identical interval.
Total, the enterprise posted an underlying revenue earlier than tax that fell 52% to £9m, as increased earnings was offset by elevated distinctive prices.
Nottingham Constructing Society chief government Sue Hayes mentioned: “Our underlying enterprise efficiency is robust with an 18.6% improve in gross mortgage balances in contrast with June 2023.
“We achieved important progress in lending whereas the general UK mortgage market grew considerably much less.
“We proceed to spend money on each our core IT methods and in creating innovation that can enhance our mortgage software and credit score danger decisioning processes sooner or later.”
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