Vida Bank’s parent posted gross mortgage lending that more than doubled to £348m in the first six months of the year.  

Vida Group Holdings said its lending operation had made a strong start in its first full year as a bank, after gaining regulatory approval in November 2024. 

Mortgage lending jumped 111% in the six months to the end of June from a year ago. 

The group said the bank was able to leverage its “new retail deposit franchise to strengthen funding, lower cost of funds, and support mortgage origination”. 

It took in £1.1bn in retail deposits in 2025, leaving its retail deposit book standing at £1.3bn. 

The bank added that its retail deposits have “transformed the funding base, reducing wholesale dependence and asset encumbrance”. 

The group posted a half-year pre-tax profit of £10.7m from £1.9m a year ago, and ahead of its full-year 2024 profit of £3.6m.

Vida Group Holdings chief executive Anth Mooney said: “This was a strong first half for Vida, reflecting the benefits of our new banking licence, a more diversified funding base, and continued operational discipline. Retail deposits have transformed our balance sheet and materially reduced our cost of funds, supporting profitable mortgage growth.” 

“With mortgage applications of over £2bn year to date and a current pipeline of £600m, we have continued to see strong demand for our mortgage products from brokers and customers.  

“We’ve seen record demand in September and expect a strong finish to the year as momentum continues.”