The Nottingham Building Society delivered a positive financial performance for the six months ending 30th June 2023, achieving growth in mortgage lending.
The Society reported over £457.1m gross new lending during this period, representing an increase of approximately £204.6m.
The mutual also saw over £3.3bn in total mortgage assets, a growth of £0.4bn, and more than 3,630 new mortgage customers, an increase of 51.5%.
The results recorded £13.7m in underlying profit for the Society, before tax, representing an increase of £6.4m.
Sue Hayes (pictured), chief executive of The Nottingham, said: “This has been a pivotal six months for the Nottingham.
“Our strong performance in a volatile economic environment demonstrates the progress we have made towards transforming our building society.
“We know this has been a challenging time for our members and I am proud that we have done everything we can to support them, by passing on rate rises and paying savers the best rates we can.”
She added: “The last six months has seen the biggest impact on mortgage holders in 15 years, which is why we were one of the first to sign up to the new “Mortgage Charter” – ensuring our borrowers can access the best solutions for them and helping them through this challenging environment.
“As we look to the future, we will support an even broader range of people to own their own home, and we have introduced a range of lending criteria changes in recent weeks that will help enable this.
“In addition, our partnership with Generation Home to make property ownership more achievable continues to develop strongly. We look forward to delivering on these goals during the second half of this year.”
