Nottingham Building Society lent more than £659 million to homeowners last year – 18 per cent up on 2021.
New figures show the mutual supported more families with their mortgages, but it warned the cost of living crisis and potential impact on mortgage affordability meant it expects mortgage defaults to rise. It said arrears on loans remained low, however.
The society’s underlying pre-tax profits were £18.9 million for the year, compared to £15.1 million the year before. Assets rose from £3.6 billion to £3.8 billion.
