Skipton Group posted mortgage balances growth of 7.9% to £33.3bn in 2025, up from £30.9bn in 2024.
The firm, which includes Skipton Building Society and estate agent Connells, added that it underwrote home loans to over 26,000 first-time buyers, equal to 50% of new lending.
It said that Connells, which also distributes mortgages, generated £33.3bn of lending for UK mortgage lenders, up from £31.7bn a year ago.
It added that residential mortgages in arrears by three months or more were at 0.30% of mortgage accounts at the end of last year, compared to 0.29% 12 months ago, below the industry average of 0.78%.
However, pre-tax profit across the group fell from £318.6m in 2024 to £275.2m last year.
It posted a group net interest margin – the difference between what it loans to borrowers and what it pays to savers — of 1.29% from 1.28% a year ago.
Skipton Group chief executive officer Stuart Haire says: “2025 was a year of resilience and agility. Despite housing market pressures and economic uncertainty, we delivered the third year of our strategy in line with our purpose.”
“Our Homes business supported over 26,000 first-time buyers, equating to 50% of our new lending – a goal we originally set for the end of 2028. Our commitment to first-time buyers has resulted in our market share increasing to 4.0% of this segment.”
“Connells, our property services group, continued to support around one in ten home movers across the UK. Connells helped more people have a home by facilitating 86,000 exchanges on properties for sale.
Facing into a difficult market in the second half of the year, they continued to grow income to £1,177m and grow their lettings business to over 128,000 properties under management.”
“Our Money business continued to deliver on our ambition to provide free advice to our members, and in 2025 we delivered over 64,000 free advice conversations representing an increase of 63% on last year.”
“As we execute on our purpose, our mortgage and savings growth has outpaced the market, with our total Group mortgage book surpassing £33bn, and our Society savings book surpassing a £30bn milestone for the first time.”
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