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

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...