Mansfield Building Society has reported a record year, announcing new mortgage lending exceeding £125 million and a rise in savings membership to almost 21,000 in 2024.

The figures, shared at the Society’s Annual General Meeting, highlight a 50% increase in lending to first-time buyers, alongside £28 million in advances granted to property developers and self-builders.

Mansfield’s success was also reflected in its savings performance, with more than 6,000 new accounts opened and retail savings growing by over £39 million.

The strong performance comes as the building society sector marks 250 years since the founding of the first mutual. In keeping with its commitment to the values of mutuality, Mansfield donated more than £113,000 to local causes within its Heartland Area last year, supported its charity partner Alzheimer’s Society with over £7,500 in fundraising, and provided 125 days of volunteer support to community groups and charities.

Chief executive Paul Wheeler (pictured) said the Society’s record results demonstrate the continued relevance of its member-focused business model.

“Last year we helped more people save for the future than ever before, and our new mortgage lending topped £125 million for the first time.

“We’re owned by our Members and put them at the heart of all that we do. Our flexible lending approach, our personal service and our can-do attitude remain highly valued, and the reason why we’ve been able to welcome so many new customers last year.

“Supporting our Member’s financial wellbeing is fundamental to our success and we recognise that whilst many customers like to transact face-to-face through our branches, people are increasingly wanting to be able to transact online too. That’s why, in 2025 we’re preparing for a major transformation to meet this growing need.

“This is an exciting time for The Mansfield, as we’re growing we’re also investing to improve the service to all our customers – however they choose to transact with us in the future.”