Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Nottingham Building Society Reports 37.1% Fall in Gross Lending

Nottingham Building Society has reported a 37.1% decrease in gross lending for the first half of 2026, falling from £535.1 million last year to £336.8 million. The number of new mortgage customers also dropped by 40.6%, from 4,076 to 2,420 in the same period.

The society’s total mortgage assets declined by £200 million, moving from £4.4 billion to £4.2 billion. These figures reflect the lender’s performance for the period ending 30 June 2026.

For UK letting agents and inventory clerks, these changes in lending and mortgage customer numbers may signal a shift in the volume of property transactions and new tenancies, as fewer mortgages could impact the number of new landlords entering the market or existing landlords refinancing.

The report from Mortgage Solutions notes that Nottingham Building Society has described its growth as “resilient” despite the declines, and that the society is continuing to focus on its strategy as a specialist residential lender.