Chetwood Bank reaches £5bn balance sheet milestone

The challenger bank has reached this latest milestone just as plans were announced to open a fourth office in Manchester in the coming months.

In May, Chetwood hit the £1bn lending milestone for mortgage lending.

The bank also maintains a £2bn investment portfolio, including senior positions in warehouse financing facilities that support UK consumer and SME lenders.

Paul Noble, CEO at Chetwood Bank (pictured above), said: “The speed with which we’ve crossed the £5bn mark shows that our straightforward approach to savings and mortgages is resonating with customers and brokers alike.

“By pairing specialist lending expertise with a disciplined treasury strategy, we’ve built a resilient, diversified balance sheet that sets us up for sustainable profitability — and we’re still building momentum.”