Nottingham Building Society said its gross mortgage lending jumped 37% to £1.2bn last year as it added new home loan borrowers.
The mutual’s mortgage assets lifted £17% to £4.2bn from a year ago, while its home borrowers grew by more than 9,100, up 32%.
Its pre-tax profit jumped 67% to £13.9m, the society reported in a financial statement.
The firm’s common equity tier 1 ratio — a measure of its assets compared to its lending – slipped to 13.7% from 15.2% a year ago.
Nottingham Building Society chief executive Sue Hayes said: “Our strategy of supporting those who find it more difficult to get a mortgage in the first place has started to be evidenced and we are establishing our society as a specialist residential lender.
“In 2024, we launched a new proposition aimed at foreign nationals living in the UK, supporting those entering the country to support our valued service sector to own their own home.”
