YORKSHIRE Building Society is celebrating growth.
In its latest half-year financial results, the mutual lender reported a rise in both savings and mortgage balances, reflecting steady performance amid challenging economic conditions.
Mortgage balances reached £52.3bn in the first half of 2026, up from £51.9bn at the end of 2025, while savings rose to £54.5bn from £54bn over the same period.
Susan Allen, chief executive of Yorkshire Building Society, said: “We have delivered a solid first-half performance, growing both savings and mortgage balances while continuing to invest in the products and services our members value.
“Against a backdrop of economic volatility and heightened competition, our results demonstrate the strength of our mutual model and the trust millions of customers place in us.
“Our Purpose – Real Help with Real Life – means members coming together to make good homes possible for more people.
“This remains the foundation of everything we do and is more relevant than ever.
“Whether helping people save for the future, buy a home or support their local communities, we are focused on making a meaningful difference to the lives of our members.”
In the first six months of the year, Yorkshire Building Society opened 288,000 new savings accounts.
The society paid members savings rates nearly 20 per cent higher than the market average, resulting in £115.4m in additional earnings over five months.
It also provided 19,300 new residential mortgages, including 5,600 for first-time buyers.
March saw the busiest day for mortgage applications in the society’s history.
The society reported statutory profit before tax of £181.9m, down slightly from £187.9m in the same period last year.
Core operating profit was £175m, compared to £215.4m in the first half of 2025.
Impairments on financial assets rose to £23.7m, reflecting increased lending risk and a cautious economic outlook.
Yorkshire Building Society also highlighted its community impact, reaching its target of raising £1m to support the Building Skills for the Future programme.
More than 2,300 people have already benefited from this scheme.
Through its Small Change Big Difference initiative, the Charitable Foundation has granted over £200,000 to community organisations in the first few months of 2026 alone.
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Ms Allen said: “As a modern mutual with no external shareholders, every decision we make is shaped by what’s right for our members over the long term.
“Our performance in the first half of 2026 has strengthened the Society, allowing us to continue to invest, grow sustainably and support members through every stage of life, now and for generations to come.”
