The West Brom Building Society reported further growth in residential mortgage lending and pre-tax profits of £8.8m for the financial year ended 31 March 2018.
Gross residential mortgage advances increased by 18% to £837m.
At £265m for the year, new lending to first time buyers was the highest in the building society’s history.
The West Brom is the UK’s seventh largest building society with 37 branches and around 434,000 members.
Jonathan Westhoff, the West Brom’s chief executive, said: “Pivotal to the West Brom’s success is our focus on lending to customers to support their plans for home ownership, which has grown for the fifth year in succession.
“We have responded to customer demand to assist first time buyers by increasing our maximum loan to value ratio to 95%. We also added a government-backed Help to Buy ISA account to our savings portfolio for those who want to buy their own home but still need time to raise a deposit.
“With the Society’s new lending to first time buyers now at record levels, our commitment to this market sector is clear to see.”
