Yorkshire Building Society has reported solid financial growth in the first half of 2025, posting a £187.9m statutory profit before tax, up from £158.1m in the same period last year. Operating profit reached £215.4m, an increase from £149.2m.
The mutual’s mortgage balances rose to £50.6bn, with £4.3bn in gross lending across 18,000 new residential mortgages. Of these, nearly 4,000 were issued to first-time buyers. However, overall lending activity slowed compared to H1 2024, when 23,000 new mortgages were provided.
The Society’s savings balances dipped by £0.3bn to £51.8bn. It opened 288,000 new savings accounts and paid average rates 0.63 percentage points higher than the market. This generated an estimated £132.2m in extra interest for savers during the first five months of the year.
Home insurance customers saved over £1m through a zero-commission partnership with Uinsure. Despite heightened competition and falling interest rates, Yorkshire Building Society expanded its balance sheet by £0.4bn.
The Society continued to invest in long-term growth, launching new digital upgrades, expanding support for home deposit savers, and providing cashback offers to offset higher property costs. It also deepened its community partnerships, including its work with Citizens Advice and FareShare, delivering financial and employment support to thousands across the UK.
With an 18.5% CET1 ratio, the mutual remains well-capitalised and focused on sustainable growth across its retail and community-focused operations.
