Skipton Group supports record number of first-time buyers in 2025 results
The Group, which includes Skipton Building Society and Connells, said 50% of new mortgage lending went to first-time buyers.
Skipton Group has reported supporting a record number of first-time buyers in 2025, as it announced its full-year financial results.
The Group, which includes Skipton Building Society and Connells, said 50% of new mortgage lending went to first-time buyers, up from 44% in 2024, with more than 26,000 people helped onto the property ladder.
Group profit before tax was £275.2m, compared with £318.6m in 2024, while the mortgage book grew 7.9% to exceed £33bn.
Savings balances also passed £30bn for the first time, and membership increased to more than 1.32 million.
Connells reported profit before tax of £73.1m, supported by growth in property transactions and lettings, while facilitating around 86,000 property exchanges during the year.
Stuart Haire, group chief executive of Skipton Group, said: “We are pleased with our performance, whilst remaining focused on what matters most as a mutual: supporting our members and investing for the long term.
“We helped over 26,000 first-time buyers, achieving a milestone we originally set for 2028. We helped people save for their life ahead through providing 0.68% above market average interest rate to our members; and provided over 64,000 free financial advice conversations to our members.
“Our diversified Group model and mutual status mean we can invest for the long term, creating real value for members and society for now and for years to come.”
He added: “With housing affordability at its lowest point in 17 years, Skipton’s role has never been more critical in helping address the challenges our members and customers face.
“We will keep innovating, from our Track Record Mortgage to our Home Affordability Index, and influencing policy to make homeownership more achievable.”
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