Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Nottingham Building Society Reports Lower Gross Lending for H1 2026
Nottingham Building Society has reported a decrease in gross new lending and total mortgage assets for the first half of 2026, according to its interim results. The figures show a decline compared to the same period in 2025.
For the six months ending 30 June 2026, Nottingham Building Society recorded £336.8 million in gross new lending, down from £535.1 million in the first half of 2025. Total mortgage assets also fell to £4.2 billion, compared to £4.4 billion for the same period last year.
The building society reported a profit before tax of £6.2 million for H1 2026, which is lower than the £8 million profit before tax reported in H1 2025.
The interim results also noted that the society continued to focus on its strategy as a specialist residential lender, with ongoing investment in banking and technology foundations and a disciplined approach to lending growth.
These results may be of interest to UK letting agents and inventory clerks monitoring trends in mortgage lending and the wider property market.
Source: Mortgage Strategy