
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.

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.

New mortgage lending hit £1bn in its first full year as a bank, more than doubling from the previous year.Â

Vida Group Holdings has posted a £10.7m profit before tax for the first half of 2025, with gross mortgage lending rising 111% year-on-year to £348m following strong deposit growth and improved funding strength.

Vida Bank has appointed former Kensington Mortgages CFO Alexander Filshie as a non-executive director as it accelerates its growth strategy.

Vida Bank posted a fourth consecutive year of profitability in 2024, with £1.9bn on its mortgage book and a successful move into retail deposits following PRA authorisation.

Since its launch less than six months ago, Vida Savings has attracted over £1bn in deposits.

Helen Cawthra, head of intermediary relationships at Vida Homeloans, is set to leave the business as the lender launches a new distribution model following its banking licence approval.

MagiClick has extended its long-standing partnership with Vida Bank after delivering a new digital platform to support the bank’s transformation and licensing journey.

Sinclair will succeed Steve Haggerty, who has served as chair for nine years.

The newly licensed bank can now offer retail deposits, strengthening its funding base.
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