The Hinckley & Rugby Building Society received over £54 million of mortgage applications in the first half of its financial year.
This constituted a 40% increase on the same period a year before.
The £54.7 million of applications in the six months to the end of May 2013 is up from £39.2 million in 2011/12. The full year applications total was £83 million in 2011/12.
The mutual said this provides it with a sufficiently large pipeline of mortgage business and momentum towards its full year applications target of over £120 million.
Chris White, chief executive of Hinckley & Rugby Building Society, said: “We are seeing new levels of demand from potential customers – both direct and via intermediaries.
“Our job now is to sustain that higher activity by continuing to offer attractive mortgages, delivered with our outstanding and personal levels of customer service.”
The first half also saw the society become one of the first mutuals to be approved by the Bank of England for its Funding for Lending Scheme (FLS).
White explained: “There was a lot of hard work to do but we met and exceeded all the quality and regulatory standards required. The availability of funding from the FLS and FLS Mark II has allowed us to set bigger targets for mortgage lending, both this year and next.”
