It also reported an 8.4% increase in its mortgage book for the financial year 2024/25, growing lifting to £517m, for the firm which focuses on buy-to-let, holiday let, self-build, expat, and retirement loans.

Over the last two years, its savings balances have grown by 22%, hitting record total assets of £625m.

Dudley Building Society distribution director at Robert Oliver says: “Our intermediary relationships underpin the overall success of the society, and we are investing in technology in 2025 to make it easier for them to do business with us.

“Our mortgage origination initiative will help us use technology to identify and screen application documents. 

Oliver adds: “This will streamline the application process, making it faster, easier and more efficient for intermediaries and their customers.

“This year we’re also planning to launch some exciting new mortgage products. We’re already well-known in the market for what we do but we want to go further, particularly helping people who find it difficult to access finance through mainstream providers.”