Skipton announces half year financial results

Highlights include:

  • The Society has increased its mortgage balances by 6% since the end of 2018, with the Society helping 14,641 people to purchase or remortgage their properties during the period. The Group's gross lending of £2.5bn was 43% higher than the same period in 2018.
  • The Society helped 14,641 homeowners (six months ended 30 June 2018: 10,855) to purchase or remortgage their properties, including 2,640 first time buyers (six months ended 30 June 2018: 3,409).
  • The Society continued to grow in membership, with member numbers increasing by 20,100 to 1,030,526 (31 December 2018: 1,010,426).
These are yet another set of strong results for Skipton

"I'm really proud that we not only serve over one million members, but we're helping so many young people to save to help buy their first home.

Looking after people's savings and enabling home ownership is at the very heart of what the Society does as a mutual building society. I firmly believe that our long term focus of being there to help people prepare for their future and ensuring they're in a good place is resonating with our members."

David Cutter
Chief Executive

Read the full report here [PDF].