Nottingham Building Society has recorded a 22.2% increase in underlying profit before tax to £11m for the first half of 2025, with total mortgage assets rising by 12.9% to £4.4bn.
Gross new lending for the period reached £535.1m, up 1.8% on the previous year. The number of new mortgage customers remained steady at 4,076.
The Society also reported a rise in savings balances to £4.4bn, with £82.1m in total interest paid to savers, up from £71.5m in 2024.
Chief executive officer Sue Hayes said: “We’re pleased to report a positive performance for the first half of 2025 as we consolidate the momentum built during a landmark 2024.
“Last year, we passed the £5bn asset milestone, delivered significant growth and recorded our highest-ever savings levels.
“Entering this year, our focus has been on building long-term resilience – ensuring the right foundations are in place for a sustainable future.”
Hayes added that the Society’s 2025 strategy has been to moderate lending growth while implementing new technology and evolving its mortgage proposition. “This transformation will enable us to grow with greater speed and agility in 2026 and beyond,” she said.
The launch of a new mortgage platform in July and a successful RMBS issuance have supported diversification, while flagship brand changes and new product initiatives, such as enhanced ISA rates, have helped increase member engagement.
“As a mutual, community impact remains a priority,” Hayes said. “Through our partnerships with Emmanuel House, Shelter and ThinkForward, we’re helping tackle homelessness and improve access to opportunities for young people.
“We’ve also continued to advocate for the interests of our members, including on issues such as ISA reforms.”
