New loans originated from a 6.7% increase to £3.2 billion last year compared to the past 12 months as lenders continue their “controlled loan growth”.
Professional lenders offering residential and commercial mortgages, adding that their net loan book had risen 7.2% to £7.9 billion by the end of June.
Among them, its net purchase loan books rose 9.1% to £2.4 billion, and commercial maturity loans rose 11.8% to £1.9 billion, the bridge remains unchanged to £1.8 billion, while its residential loan books rose 7.1% to £1.5 billion.
The group said its average monthly loans rose 5.6% to £263.6 million during the period.
Its statutory pre-tax profit fell 1.8 per cent to £190.6 million, which it said in its annual report was largely due to its transformation plan “creating a new modern scalable lending and data platform”.
Richard Rowntree, the group’s CEO, joined the business from Paragon Bank in November, adding: “The outlook for the UK economy is chaotic, expecting further reduced interest rates offset by global economic uncertainty, ongoing trade disruptions and weaker job markets.
“However, as the work model changes, the rise in multiple revenues and other long-term structural trends support the increase in demand in our market, we remain cautiously optimistic and have a full attitude to continue to help clients realize their property ambitions.”
