YBS sees 13% increase in gross mortgage lending

Robyn Ashman

March 1, 2018

YBS restrictions

Yorkshire Building Society has reported a 9% increase in pre-tax profits to £165.8m on the back of a 13% increase in gross mortgage lending. 

YBS delivered 36,064 mortgages during 2017 as gross mortgage lending hit a record £8.1bn.

This was up from £7.2bn in 2016 whilst net lending hit £1bn.

Mike Regnier, chief executive of Yorkshire Building Society, said: “I’m pleased to be reporting a strong financial performance for 2017, despite a very competitive market and ongoing wider economic uncertainty.

“We’ve continued to fulfil our core purpose of helping people achieve their key financial goals, whether that’s buying a home, saving for today, or leaving a legacy for the next generation.

“We exist to help our members with their financial objectives, so continual improvement of our services is fundamental to us. The increased focus on our core businesses of mortgages and savings has helped us in this aim, illustrated by the year-on- year increase in customer advocacy.”

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