Chetwood Bank has confirmed that its balance sheet has surpassed £5bn for the first time, reflecting sustained growth across its lending and savings operations.
The digital challenger bank had reached £3.1bn by March 2024 and passed the £4bn mark by May 2025.
The latest milestone coincides with the bank’s plans to open a fourth office in Manchester, expanding its presence beyond existing locations in London, Fleet and Wrexham.
Growth has been driven by specialist mortgage activity through ModaMortgages and CHL Mortgages for Intermediaries, in addition to several forward-flow funding arrangements.
Chetwood Bank also manages a £2bn investment portfolio, including senior positions in warehouse financing facilities supporting UK consumer and SME lenders.
Its savings range has grown to include easy access accounts and ISAs alongside fixed-term offerings, with the bank emphasising speed and simplicity in its digital product delivery.
Paul Noble, CEO of Chetwood Bank, said: “The speed with which we’ve crossed the £5 billion mark shows that our straightforward approach to savings and mortgages is resonating with customers and brokers alike.
“By pairing specialist-lending expertise with a disciplined treasury strategy, we’ve built a resilient, diversified balance sheet that sets us up for sustainable profitability – and we’re still building momentum.”
