Yorkshire Building Society has more than doubled its profits for the past six months after demand for mortgages from first-time buyers rocketed.
The mutual said it gave mortgages to a record 9,931 first-time buyers in the six months to June 30, around three times the number from the same period in 2020.
Yorkshire Building Society said the jump in demand helped to drive profits higher.
It posted a pre-tax profit of £147.7 million for the past half year, compared with a £67.3 million profit in the same period last year.
The group said the number of residential mortgages it provided over the period rose by almost a third to 41,750.
Profits double for Yorkshire Building Society in mortgage boom | Bradford Telegraph and Argus
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YORKSHIRE Building Society is funding a new two-year Age UK project that has launched in eight locations across the UK to help older people in their local communities as part of its £1million charity partnership. The Building Better Lives project will focus on providing one-to-one support for up to 4,700 older people across the UK as they encounter key life events that could have a significant impact on their financial situation, such as the loss of a partner, a health diagnosis, changing care or housing needs. It will also see Age UK provide online and printed information and advice to thousands more.