Vida Financial institution’s mum or dad posted gross mortgage lending that greater than doubled to £348m within the first six months of the 12 months.
Vida Group Holdings stated its lending operation had made a robust begin in its first full 12 months as a financial institution, after gaining regulatory approval in November 2024.
Mortgage lending jumped 111% within the six months to the top of June from a 12 months in the past.
The group stated the financial institution was capable of leverage its “new retail deposit franchise to strengthen funding, decrease price of funds, and assist mortgage origination”.
It took in £1.1bn in retail deposits in 2025, leaving its retail deposit e book standing at £1.3bn.
The financial institution added that its retail deposits have “remodeled the funding base, lowering wholesale dependence and asset encumbrance”.
The group posted a half-year pre-tax revenue of £10.7m from £1.9m a 12 months in the past, and forward of its full-year 2024 revenue of £3.6m.
Vida Group Holdings chief government Anth Mooney stated: “This was a robust first half for Vida, reflecting the advantages of our new banking licence, a extra diversified funding base, and continued operational self-discipline. Retail deposits have remodeled our stability sheet and materially lowered our price of funds, supporting worthwhile mortgage development.”
“With mortgage purposes of over £2bn 12 months so far and a present pipeline of £600m, we have now continued to see robust demand for our mortgage merchandise from brokers and prospects.
“We’ve seen file demand in September and anticipate a robust end to the 12 months as momentum continues.”
