Gross lending remains consistent at the Yorkshire BS

Published on

The Yorkshire Building Society has published its interim results for the six months which ended 30 June 2019.

Overall mortgage balances totalled £37.9bn, while gross lending was £4.0bn, the same figure for the same period last year.

Net lending was up at £1.1bn, compared to £0.4bn for H1 2018.

The mutual has helped people buy their first home and move home 8,393 times so far this year.

The proportion of retail mortgages three months or more in arrears (including possessions) remains low at 0.40% (31 December 2018: 0.38%).

Statutory profit before tax was £76.5m (30 June 2018: 88.6m), with core operating profit of £97.5m (30 June 2018: £86.3m).

Mike Regnier, the Yorkshire Building Society’s chief executive, said: “Our purpose is to provide real help with real life, whilst delivering value to our members. Our aim is to help customers buy their first home, move home, and to support the financial wellbeing of our members by helping them save.

“We measure the customer experience we provide through Net Promoter Score, which is a universally recognised metric that allows us to measure customer advocacy and loyalty. Our performance for the first six months of this year is +51 which is a significant improvement on the 2018 year-end score of +41.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Survey reveals cost of living pressures and tax fears weighing on mutual’s members

Concerns over the cost of living and the prospect of tax rises continue to...

Hope Capital gains dual recognition for workplace standards

Hope Capital Property Finance has been accredited as a Living Wage Employer and has...

Industry partnership launches 95% funded pathway to address adviser shortage

A national initiative has been launched to confront the growing shortage of qualified financial...

British Business Bank sets out five-year plan to reshape finance for smaller firms

The British Business Bank has outlined plans to deliver what it describes as a...

TRM launches tool to help advisers assess clients’ financial shortfalls

The Right Mortgage & Protection Network has introduced a Shortfall Needs Analysis Calculator designed...

Latest publication

Other news

Council Tax revaluation plan risks unsettling market

Revaluing properties in the top three council tax bands could prove costly and disruptive....

Survey reveals cost of living pressures and tax fears weighing on mutual’s members

Concerns over the cost of living and the prospect of tax rises continue to...

A changing landlord market that still offers solid long-term value

Landlords have faced a tough set of challenges over the past decade. Higher taxes,...