Darlington Building Society reports record £234m gross lending in 2025
The society also reported net lending of £101m and growth in its savings base, with retail deposits rising to £939m from £853m in 2024.
Darlington Building Society has reported record gross mortgage lending of £234m in 2025, representing a 58% increase on the previous year.
The society also reported net lending of £101m and growth in its savings base, with retail deposits rising to £939m from £853m in 2024.
Core operating profit before tax increased to £3.7m, up from £3m the previous year, while total assets exceeded £1bn for the first time, reaching £1,025m.
The society said its lending performance was supported by continued investment in people, systems and digital capability, alongside maintaining manual underwriting to support more complex cases.
Andrew Craddock (pictured), chief executive of the society, said: “What is particularly pleasing about 2025 is the way we were able to overcome so much volatility in the global economy to stay true to our core purpose of supporting people into home ownership.
“It is a source of great pride that 40% of the record figure for gross new lending in 2025 was supporting first-time buyers to achieve their dreams of getting onto the property ladder.
“That has been central to our ethos for 170 years, and the fact that we have broken the Society’s record in such a crucial area of the business is testament to the hard work and commitment of our colleagues.”
The society said it has continued to develop its intermediary proposition over the past 12 months, expanding its business development and underwriting teams while introducing new broker service commitments focused on speed, access and consistency.
Product development has also supported growth, including the launch of foreign currency mortgages, limited company buy-to-let products and a more flexible approach to skilled foreign national borrowers.
Customer satisfaction remained high, with a Net Promoter Score of +92.3, significantly above the building society average.
Rachel Court, chair, said: “We continue to build our financial strength with measured growth and sound profitability.
“Combined with continued progress and embedding our strategic investment programme, this will underpin our success and sustainability for many years to come.”
Craddock added: “It has been an immense privilege and honour to work with so many talented and dedicated colleagues, serving the community in such a special part of the country.
“I am really proud to have seen our Society grow, prosper and mature, and am delighted to be leaving the Society in such robust health.”
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