Connells Group generated £33.3bn of mortgage lending in 2025 as group profits surged 19% despite what it described as a stop-start housing market.
Pre-tax profit rose to £73.1m, up from the previous year, while revenue increased 9% to £1.16bn. The group facilitated 86,000 property exchanges – around one in 10 UK home sales – highlighting its scale across estate agency and financial services.
Arranged mortgages increased 9% year-on-year, supported by stronger first-quarter activity ahead of the March stamp duty deadline and improving confidence later in the year following the Government’s November Budget.
Survey and valuation volumes rose 7%, and the group expanded its lettings portfolio to more than 128,000 properties.
Connells also completed 13 acquisitions across residential and commercial markets, while continuing to invest in technology, data and digital customer services.
STRONG PERFORMANCE
Helen Charlesworth, CEO of Connells Group, said: “2025 marked a meaningful step forward for the housing market.
“The year began strongly, supported by increased activity ahead of the March stamp duty deadline, which accelerated transactions in the first quarter.
“While momentum eased in the second half amid uncertainty surrounding potential property tax changes, clarity following the Government’s November Budget helped restore confidence towards the year end.
“Against this backdrop, Connells Group delivered a strong performance, growing profitability, supporting more customers and continuing to strengthen our market position.”
CAUTIOUSLY OPTIMISTIC
She added: “What makes these results especially pleasing is the progress we have made in modernising the homebuying and selling journey.
“Our investment in technology, data and digital services is enabling our colleagues to deliver an even better experience for customers, while partnerships across the industry are helping us shape a more streamlined process for everyone involved.”
Looking ahead to 2026, Charlesworth said: “As we look to 2026, we have reasons to be cautiously optimistic. Mortgage rates are easing, economic indicators are moving in the right direction, and we begin the year with a healthy sales pipeline.
“We will continue to invest in our people, our branches and our technology, ensuring we’re well placed to help even more customers, whatever the market brings.”
