The lender provided a total of £1.91bn in new lending, including £230m in retained business, up from a lending figure of £608m in 2024.
Vida Bank said demand for its proposition remained strong, reporting £2.4bn in mortgage applications for 2025.
Excluding an asset sale of £250m in June, the lender’s gross loans to borrowers rose 24% annually to £2.3bn. Buy-to-let (BTL) lending made up the majority of Vida Bank’s portfolio, accounting for 69% of its book, similar to the 73% share the year before. The rest of the book comprised residential owner-occupied lending.
Its profits also nearly tripled, rising from £3.6m in 2024 to £9.4m in 2025, as the lender focused on mortgage growth and launched retail savings. During the year, it attracted over £2.4bn in retail deposits from more than 75,000 savers, which it said strengthened its funding base and reduced the cost of funds.
As a result, net interest income increased from £33m to £45.5m, while the net interest margin improved from 1.83% to 2.29%.
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Anth Mooney, chief executive of Vida Bank, said: “Becoming a bank has transformed the scale at which we can compete. The specialist mortgage market remains our sole focus, serving customers with complex incomes or circumstances that do not quite fit the traditional high street lending model.
“Over the past year, we’ve invested heavily in our decisioning capabilities and service model, combining deeper data insights with experienced underwriting judgment to assess cases more intelligently. That combination allows us to grow with confidence; building a highly scalable mortgage origination platform while maintaining the discipline and credit quality that underpins a sustainable specialist bank. Our approach is different to our competitors, but brokers and customers genuinely seem to love it.”
Vida Bank closed the year with a mortgage customer net promoter score (NPS) of +49, while its broker NPS came to +29.
Stuart Sinclair, chair of Vida Bank, added: “Having joined Vida during its first full year as a bank, I’ve been struck by the strength of the business, the clarity of its strategy and the commitment of its people.
“What stands out most is the sense of purpose that runs through the company – helping more people find a place to call home – and the discipline with which the team is building a sustainable specialist bank around that.”
