Mansfield Building Society reported record new mortgage lending of over £125m and savings membership growth close to 21,000 at its annual general meeting (AGM).
The mutual saw lending to first-time buyers (FTBs) rise by 50%, while £28m in advances went to property developers and self-builders.
Over 6,000 new savings accounts were opened during the year as the society attracted more savers, increasing retail savings by more than £39m.
Additionally, the society donated over £113,000 to local causes across its heartland area, raised more than £7,500 for charity partner Alzheimer’s Society, and gave 125 volunteer days to support local charities and community groups.
Paul Wheeler (pictured), chief executive at Mansfield Building Society, said: “Last year we helped more people save for the future than ever before, and our new mortgage lending topped £125million for the first time.
“We’re owned by our Members and put them at the heart of all that we do.
“Our flexible lending approach, our personal service and our can-do attitude remain highly valued, and the reason why we’ve been able to welcome so many new customers last year.”
Wheeler added: “Supporting our Member’s financial wellbeing is fundamental to our success and we recognise that while many customers like to transact face-to-face through our branches, people are increasingly wanting to be able to transact online too.
“That’s why, in 2025 we’re preparing for a major transformation to meet this growing need.
“This is an exciting time for The Mansfield, as we’re growing we’re also investing to improve the service to all our customers – however they choose to transact with us in the future.”
