Nottingham Building Society has achieved “strong financial results” in the six months ending 30 June 2025.
The Society has seen £535.1m in new lending, up from £525.7m in the same period of 2024, and £4.4bn in total mortgage assets, growing from £3.9bn.
The firm welcomed 4,076 new mortgage customers, a marginal increase from 4,069 last year, and saw a lift in total savings balance to £4.4bn, from £4bn.
£82.1m in interest was paid to savers, increasing from £71.5m.
Nottingham Building Society completed the first half of its financial year with a jump in profits, with £11m underlying profit before tax (2024: £9m), and £8m profit before tax (2024: £0.7m).
Sue Hayes, CEO, said: “We’re pleased to report a positive performance for the first half of 2025 as we consolidate the momentum built during a landmark 2024. Last year, we passed the £5bn asset milestone, delivered significant growth and recorded our highest-ever savings levels. Entering this year, our focus has been on building long-term resilience – ensuring the right foundations are in place for a sustainable future.
“Our strategy in 2025 is a deliberate one: to moderate lending growth while we implement new technology, strengthen our core banking systems and evolve our mortgage proposition to better serve customers who don’t fit the traditional mould. This transformation will enable us to grow with greater speed and agility in 2026 and beyond.
“We’ve made great strides already. We’ve launched a new mortgage platform in July, diversified our funding through a successful public Residential Mortgage-Backed Security (‘RMBS’) issuance and continued to innovate for the benefit of our broker partners and members. Our digital and branch savers have benefitted from strong rates, particularly through our ISA products, whilst we’ve continued to support members through every channel.
“We’ve also brought our new brand to life – publicly launched in October 2024 – with a positive increase in awareness and engagement. In May, we opened our first rebranded flagship branch in Nottingham City Centre, shaped by member and colleague feedback, with the response being overwhelmingly positive.
“As a mutual, community impact remains a priority. Through our partnerships with Emmanuel House, Shelter and ThinkForward, we’re helping tackle homelessness and improve access to opportunities for young people. We’ve also continued to advocate for the interests of our members, including on issues such as ISA reforms.
“While macroeconomic uncertainty and regulatory changes have added some external headwinds to the mortgage market, we remain focused on our transformation priorities. I’d like to thank our members for their continued loyalty and our colleagues for the passion and commitment they bring every day. Together, we’re building a stronger society for the future.”
