Vida Bank reports strong mortgage lending and profit growth in first year
New mortgage lending hit £1bn in its first full year as a bank, more than doubling from the previous year.
Vida Bank reported that new mortgage lending hit £1bn in its first full year as a bank, more than doubling from the previous year.
The loan book rose by 24% to £2.3bn, while mortgage applications reached £2.6bn.
Retail deposits increased to over £2.4bn from more than 75,000 savers.
Profit before tax climbed to £9.4m from £3.6m in 2024.
Net interest income reached £45.5m and net interest margin improved to 2.29%.
The mortgage customer net promoter score (NPS) rose to +49, while broker NPS reached +29.
Anth Mooney (pictured), CEO at Vida Bank, said: “Becoming a bank has transformed the scale at which we can compete.
“The specialist mortgage market remains our sole focus, serving customers with complex incomes or circumstances that do not quite fit the traditional high street lending model.
“Over the past year we’ve invested heavily in our decisioning capabilities and service model, combining deeper data insights with experienced underwriting judgment to assess cases more intelligently.”
Mooney added: “That combination allows us to grow with confidence; building a highly scalable mortgage origination platform while maintaining the discipline and credit quality that underpins a sustainable specialist bank.
“Our approach is different to our competitors, but brokers and customers genuinely seem to love it.”
Stuart Sinclair, chair at Vida Bank, said: “Having joined Vida during its first full year as a bank, I’ve been struck by the strength of the business, the clarity of its strategy and the commitment of its people.
“What stands out most is the sense of purpose that runs through the company – helping more people find a place to call home – and the discipline with which the team is building a sustainable specialist bank around that.”
Related
Newcastle Building Society reports strong half-year performance
Bank lending growth to hit three-year low in 2027, EY says
LSL Property Services posts strong trading results and expects further growth
Low deposit mortgage lending up 38% in the past year, data finds
West Brom Building Society posts strong annual results supporting over 5,500 FTBs
Investec Real Estate delivers £922m in lending and investment across FY2025/26
Moneybox records third consecutive year of profitability with £115m revenue
PMS Mortgage Club sees lending and protection volumes rise in H1
Alto reports record sales and deal sizes in Q1 2026
Together reports record £8.4bn loan book
Scottish Building Society expands mortgage lending across England and Wales
