Vernon Building Society has reported grew its mortgage book by 4.6% to £439.5m and £28m in new savings in 2025.

The society’s annual results showed that its its retail savings balances grew by 6.2% to £474.9m last year.

Vernon says demand for its specialist lending proposition also continued to grow.

Overall, its total assets increased by 5.4% to £534m, up from £506m the year prior and profit before tax reached £2.8m.

Vernon Building Society chief executive Darren Ditchburn says: “In a year when many households were still feeling the squeeze, we’ve continued to grow carefully, support more borrowers and offer competitive and good value savings products. Our lending growth shows there is real demand for a human, flexible approach that many larger lenders aren’t providing.”

“In 2026, we’ll continue to invest in the future of the Society, from specialist mortgages and competitive savings accounts to enhanced digital services and community branches, all while staying true to our mutual values.”