Vida Group mortgage assets surpass £3bn in H1
Gross new mortgage lending increased from £348m in the first half of 2025, while retail deposits grew to £3.4bn, compared with £1.3bn at 30th June 2025.
Vida Group Holdings reported mortgage assets of more than £3bn in the first half of 2026, as gross new lending more than doubled year-on-year to £840m.
Gross new mortgage lending increased from £348m in the first half of 2025, while retail deposits grew to £3.4bn, compared with £1.3bn at 30th June 2025.
The group, which includes trading subsidiary Vida Bank, also reduced its wholesale funding liabilities from £1.16bn to £648m as it continued to shift towards retail deposit funding.
Net interest margin increased to 2.34%, up from 2.13% a year earlier, which Vida attributed to its increasingly efficient funding mix.
The group recorded a pre-tax profit of £4.8m for the six months to 30th June, marking its fifth consecutive year of statutory profitability.
Vida said the figure reflected the absence of a significant one-off gain recognised in the first half of 2025 following a portfolio transaction.
Excluding that item, it said the underlying business had strengthened through improved margins and balance sheet growth.
Loans more than 90 days in arrears reduced to 1.7%, from 2.0% at the end of 2025, while provisions coverage stood at 0.28%, compared with 0.31%.
Vida’s Liquidity Coverage Ratio was 145%, while its Total Capital and CET1 ratios stood at 16.0% and 13.4% respectively.
The lender has continued to invest in proprietary technology, automation, data science and artificial intelligence (AI), with its mortgage intelligence capability designed to support underwriting decisions, operational efficiency and the broker experience.
Anthony Mooney (pictured), chief executive officer at Vida, said: “These results demonstrate much more than another period of strong growth. They show the continued transformation of Vida into a different kind of specialist mortgage bank.
“We have built significant scale, strengthened our funding model, and continued to improve the underlying economics of the business. Just as importantly, we have continued investing in the capabilities that we believe will define the future of specialist lending.
“Our ambition has never simply been to build a growing mortgage lender. It is to build the UK’s most intelligent specialist mortgage bank.”
Mooney added: “The combination of exceptional people, proprietary data, modern technology, and carefully deployed artificial intelligence is creating something that is increasingly difficult to replicate. This embedded mortgage intelligence supports decision quality and good customer outcomes, increases operational efficiency, and becomes more valuable as Vida grows.
“Artificial intelligence is not a standalone initiative for Vida. It is another powerful capability that is being embedded into every stage of our operating model to augment expert judgement, improve consistency, and unlock scalable growth.
“We remain disciplined, ambitious, and excited about the opportunities ahead. The momentum we have created during the first half of the year gives us confidence that we are building a business capable of delivering sustainable long-term value for customers, colleagues, brokers, and shareholders.”
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