Nottingham Building Society has recorded pre-tax profits of £16.7m in 2025, reflecting an increase of 20.1%.
In the 12 months ending 31st December 2025, Nottingham grew its mortgage lending book by £883m but this was a decrease from the £1.2bn of new business recorded in 2024.
This reflected 6,668 new mortgage customers, lower than the 9,166 the year before.
Despite this decrease, the building society’s total mortgage assets increased slightly by £100m to £4.3bn in 2025.
Sue Hayes, CEO at Nottingham, said this was part of a “conscious decision” to moderate lending after two years of double-digit growth: “This ongoing programme is designed to ensure the society is well prepared for its next phase of purposeful innovation and sustainable growth — and well positioned to deliver for members in the years ahead.”
Looking ahead, Sue stated it would be a priority for the building society — given challenges in the wider market — to carefully manage the net interest margin.
In 2025, this decreased by 10bps to 1.62%.
“With strong foundations now in place, our focus turns to scaling our specialist lending proposition, further enhancing member experience across every channel, embedding our technology investments and continuing to strengthen our operational resilience, data and cloud capabilities,” she added.
“Our recent inclusion in the FCA and PRA’s inaugural Scale?up Unit cohort further reflects our ambition to grow responsibly and at pace, while maintaining the highest regulatory standards.
“We enter 2026 as a modern mutual with momentum, clarity of purpose and the capability to deliver sustainable, long?term growth for our members.”
