The Society received £70 million of mortgage applications, up from £57.3 million in the same period a year ago. Its loan book grew by £12.3 million in the first half and the mortgage pipeline has also grown by £10.9 million.
Mortgage advances during the first half were £59.2 million, up from £50.6 million, with the Society able to help more than 100 first time buyers gain a foothold on the housing ladder.
Hinckley & Rugby's retention rate was 66%. It had just one mortgage in arrears by more than six months, and no properties in possession.
On the savings side, the Society saw a net rise of 842 accounts, and retail savings balances grew by £6.5 million.
Hinckley & Rugby chief executive, Chris White, said:
“These are very encouraging results, which put us on track to achieve significant growth in the full year. That the figures are so good during a period of extremely competitive conditions in the mortgage market proves customers and brokers value our approach, our decision making and our commitment to great service. Our staff deserve great credit for their hard work.”
