This hands the mutual a gross mortgage lending market share of 15% in its interim management statement to 31 December. The building society’s net lending figures also rose by 58% to £8.4bn, against £5.3bn the previous year, producing a 75% net lending market share.
A strong financial performance was reflected by underlying profit figures up 105% to £539m against £263m in 2012/13.
The mutual’s new lending loan to value remains at 69%, in line with that reported at the half year, and the average LTV of the residential mortgage book remains unchanged at 49%.
CEO Graham Beale said: “As the UK’s largest building society, and third largest
mortgage provider, we have continued to play a leading role in the mortgage market and provide support for first time buyers.”
To September, in its six monthly figures, the lender reported gross mortgage lending up by 37% to £14bn, its highest six-month tally in five years.
Barclays, the latest big five lender to release results, the third biggest UK mortgage lender in 2012, lent 6% fewer mortgages year-on-year in 2013 at £17.1bn, according to full-year results out today.
