In terms of value, this was a rise of £400m.
The group attributed this growth to its specialist buy-to-let business.
Steven Cooper (pictured), CEO of Aldermore Group, said: “Even though there’s been considerable turmoil in the mortgage market in recent months, we’ve still seen encouraging growth in our retail mortgages division, with a particularly strong performance in our specialist buy-to-let business.
“We are proud to have launched our new platinum service for brokers which will see us offer the very best support to those who we work most closely with to find the right mortgages for our customers.”
The group’s motor lending also rose by six per cent to reach £4.2bn and its business finance lending increased by two per cent to £3.7bn.
Group net lending saw a £700m uplift to £15.5bn with growth seen across all divisions of the business.
Aldermore’s income came to £316.3m, which was a 22 per cent rise on the same period a year ago. It put this down to an improved net interest margin, net lending growth and a non-cash fair value gain of £6.7m on its hedged loan portfolio.
The group’s net interest margin rose by 33 basis points to 3.92 per cent.
It made an impairment charge of £54.6m, which was £43.4m higher than the year before. It said this was due to an increase in the cost of risk because of the worsening macroeconomic outlook.
For the period, Aldermore reported a statutory profit before tax of £111.9m, slightly up on the previous year’s £110.1m.
Aldermore: ‘Robust’ half-year figures
Cooper said the half-year results were “robust” despite a difficult period for the UK’s economy.
He added: “We are cautiously optimistic for the future. We’re modernising Aldermore and, in recent months, we’ve added highly experienced new leaders to our team, bringing new perspectives and expertise to drive our strategy forward.
“By continuing to invest in both our people and technology, while remaining focused on providing a service to customers that surpasses that of the high street banks, we can build significant growth in our business for the future.”
