West Brom Building Society reported strong half-year results, with lending for homeownership reaching £527m in the six months to 30th September 2025, compared to £646m in the same period last year.
Of all new mortgages, 71% went to first-time buyers (FTBs), up from 66% previously.
Over half of these were through low deposit and Shared Ownership options.
The society saw around 9,000 new savers join, an 18% rise on last year.
Saving balances increased by 5% to £5.3bn.
Pre-tax profits grew to £17.4m, up from £17.2m at 30th September 2024.
The common equity tier 1 capital ratio stood at 16.9%, compared to 17.1% at 31st March 2025.
Jonathan Westhoff, CEO at West Brom Building Society, said: “These results reflect the real and positive difference we continue to make for our members.
“Despite ongoing uncertainty in the wider market, we’ve remained focused on supporting aspiring homeowners and rewarding loyal savers.
“We’re proud that over seven in ten of new mortgages were to first-time buyers, a clear sign that our purpose-led approach is delivering real impact.”
Westhoff added: “We’re committed to supporting first-time buyers and enabling homeownership in all its forms, including shared ownership, 95% mortgages, and other accessible options.
“Our strong financial performance and capital position means we can also continue to invest in the digital transformation programme we’re undertaking and help support more customers with their savings and mortgage lending in the future.
“We continue to actively support our communities, with colleagues contributing their time, skills and resources to support local causes and financial education initiatives across our heartlands.”
He said: “During the first half of the year, we’ve supported more than 30 local charities through fundraising, grants and donations and have contributed over 1,380 (30 September 2024: 790) volunteering hours.
“I’m pleased our ongoing investment in our people and culture has been recognised as we were named one of The Sunday Times Best Places to Work 2025.
“Going forward, we’ll continue to engage with policymakers and sector partners to ensure the value of saving and the role of building societies stay firmly on the agenda.”
He added: “Our digital transformation programme remains a key priority, helping us improve efficiency, enhance member experience, and meet the evolving needs of future customers, whilst continuing to offer traditional services through branches and on the phone.”
