Yorkshire Building Society has announced the highest mortgage and savings balances in its history despite what it described as a “challenging year for the economy”.
The UK’s third largest building society has released its 2021 results which showed profit before tax almost doubling to £320.0m, while core operating profit rose to £297.3m.
The Yorkshire provided just over 75,000 mortgages during the year and said it had supported a record number of first-time buyers. It also paid above the market average to its savers, delivering an extra £107m in interest to them.
