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October 22.2025

2 Minutes Read

Vida's Gross Mortgage Lending Doubles in H1 2025: Key Insights

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Vida's Remarkable Growth in Mortgage Lending for H1 2025

Vida Group Holdings has achieved a stunning milestone in the first half of 2025, with gross mortgage lending surpassing expectations by more than doubling to £348 million. This surge, a remarkable increase of 111% from £165 million in H1 2024, showcases the success of Vida's new banking operations after obtaining its regulatory approval in November 2024.

CEO Anth Mooney attributed this impressive growth not only to the bank's enhanced funding capacity but also to its diversification strategy involving retail deposits. The bank saw inflows reaching £1.1 billion, bolstering its retail deposit base to £1.3 billion. This transformation has significantly moved their operational dynamics away from reliance on wholesale funding, resulting in improved interest margins and lower costs. The average costs of funds dropped from 1.46% last year to 1.05% over SONIA, making a difference in how Vida operates in a competitive market.

Operational Discipline and Strategic Focus Fueling Success

Vida's half-year pre-tax profit also saw an impressive leap to £10.7 million from just £1.9 million a year prior, underlining the strength of the bank's operational efficiency and disciplined growth strategy. The improved cost-to-income ratio, now at 63%, compared to last year's 91%, speaks volumes about the bank's capacity to manage its operations effectively while still investing in technology and future growth.

With a robust pipeline of mortgage applications totaling over £2 billion for the year and current applications valued at £600 million, Vida appears poised for ongoing success. The strategic shift towards enhancing operational frameworks while keeping risk management at the forefront has paved the way for this strong growth trajectory.

The Future of Vida: Confidence in Continued Momentum

Looking ahead, Vida is confident in maintaining this momentum. The executive team indicated robust demand for their offerings, especially as they witnessed record application rates in September. With a focus on intelligent origination and a watchful eye on market dynamics, Vida intends to capitalize on this growth to solidify a competitive edge in the mortgage sector.

Overall, the surge in gross mortgage lending by Vida not only highlights the acute demand for their products but also reflects a well-established foundation for further expansion and resilience in the financial landscape.

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Vida's Gross Mortgage Lending Doubles in H1 2025: Key Insights

Vida's Remarkable Growth in Mortgage Lending for H1 2025

Operational Discipline and Strategic Focus Fueling Success

The Future of Vida: Confidence in Continued Momentum

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