Mortgage book up 3.7% at the Nottingham

Published on

The Nottingham Building Society has reported that gross lending in the six months to 30 June was £465 million as the mortgage book grew by 3.7%.

Meanwhile, branch savings balances increased by 7.4% over the period.

Total assets have grown to a new milestone of nearly £4 billion.

More than 13,000 new members joined the society in the six months as its branch network expanded to 67 following the addition of seven new branches at the end of 2017.

Group profit before tax for the period was £6 million compared with £7.6 million in the previous period (to June 2017).

David Marlow, chief executive of The Nottingham, said: “Cementing our relevance and appeal to members both now and in the future, has been a key focus throughout the first half.

“In the face of increasingly rapid societal change we are investing heavily to develop our digital capabilities and longer term aspiration to deliver a true omni-channel experience where our members have the control and convenience of choosing how and when they interact with us.

“Underpinned by our strategic pillars of growing and rewarding membership; delivering strength in financial adequacy; striving to deliver first class service across our operations; and continuing to support our people and communities, our mid-year results are a positive reflection of this strategy.

“I’m particularly proud that our Net Promotor Score remains consistently high at 79%. Coupled with recent FCA recognition for our best in class customer complaint metrics is further evidence that we are building strong relationships with our members and delivering exceptional levels of service so warm thanks to all our people who have made this possible.”

Latest POLL

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

Widespread public misapprehension over digital property transactions

There is a distinct lack of accessible and reliable information on digital property transactions...

Landbay lowers rates on limited edition small HMO and MUFB products

Landbay has made rate reductions of 10 basis points (bps) across its limited edition...

Green with envy: Cammy Amaira swaps mortgage mastering for fairways

Industry veteran Cammy Amaira is set to retire next month, finally closing the chapter...

Time Finance recognised as a ‘Very Good Organisation’

Time Finance has been recognised as one of the UK’s best companies to work...

Other news

Widespread public misapprehension over digital property transactions

There is a distinct lack of accessible and reliable information on digital property transactions...

Landbay lowers rates on limited edition small HMO and MUFB products

Landbay has made rate reductions of 10 basis points (bps) across its limited edition...

Green with envy: Cammy Amaira swaps mortgage mastering for fairways

Industry veteran Cammy Amaira is set to retire next month, finally closing the chapter...