Leeds Building Society said it had its busiest single day of mortgage completions in the first half of 2024, contributing to a 37% increase in total lending to a record £2.6 billion.
The mutual said it attracted 47,500 new savings members, leading to record savings balances of £22.4 billion and record total assets of £30 billion.
It reported a new membership record, attracting thousands of new customers to push membership up to 945,300.
The UK’s fifth largest building society said it will buck the market trend by opening a new high street site and continuing its investment into its existing national branch network.
Leeds said it achieved a first-half underlying profit of £86.4 million, up from £65.3 million in the second half of last year.
Operating profit and profit before tax was £50.5 million in the six months to June 30, 2024, down from £116.2 in the first half of the prior year.
Leeds Building Society CEO Richard Fearon said: “I’m delighted with our record-breaking start to 2024 and our ability to support borrowers and savers so effectively over the past six months.
“We have continued to put homeownership within reach of more people, generation after generation, by helping 7,800 new first-time buyers take their first steps onto the property ladder whilst also supporting existing members and investing in the future of our Society.
“As a mutual we are only ever as strong as the relationship we hold with our members, and we have achieved some significant milestones that reflect their enduring loyalty.
“I’m confident we’re in a great position to invest in the future given our record growth in lending, savings balances and overall membership.
“I am delighted that we’ll be opening a new high street branch in Solihull in the coming months to expand our national branch network and allow us to reach more people. This complements the great strides we have made in improving our digital offering over recent years.
“We are on the verge of entering our 150th year as a building society. We are well placed over the rest of 2024 and into our next 150 years and beyond to continue making homeownership a reality for more people and rewarding savers for the trust they put in us.”