Principality Building Society has reported that its mortgage book has grown by £600 million, to take its residential lending to £11.1 billion.
In it’s full year results, the society says its mortgage book grew to 88,941 members in 2025 and saw “strong demand” for its 95% products.
The number of first-time buyers the society assisted reached a new record last year increasing to 8,227, up to 8,120 in 2024.
The society’s commercial lending business has grown by 9.3% since the start of 2025 to £867 million, up from £793 million in 2024, with £70 million lent to housing associations.
It also highlights that its commercial business started working with the English housing association market for the first time, through a £20 million lending agreement with Rochdale Boroughwide Housing Association.
Principality Building Society chief executive Iain Mansfield says: “Having served this business for the last 10 years of my career, I’m immensely proud to be leading the Society. It’s the start of a genuinely transformational period, one where we will take the next bold steps to reimagine how we deliver for our Members.”
“The pace of societal change is rapid, with advancements in technology reshaping financial services markets and customer expectations.”
“At the same time, Members and businesses face a volatile external environment and economic uncertainty, with the Bank of England base rate remaining elevated.”
