West Brom Building Society has reported a strong set of half year results, highlighting its continued commitment to helping people buy their own home and rewarding savers. 

During the six months to 30 September 2025, the Society lent £527m for homeownership (30 September 2024: £646m), of which 71% (30 September 2024: 66%) of mortgages were to first-time buyers. Just over half of these were through our low deposit mortgage and shared ownership options, highlighting the Society’s continued commitment to helping people take their first step into homeownership. 

The Society welcomed around 9,000 new savers, an increase of 18% from the same period last year, with total saving balances rising 5% to £5.3bn, highlighting the appeal of our competitive rates. 

Pre-tax profits rose to £17.4m (30 September 2024: £17.2m), helping maintain a strong Common Equity Tier 1 capital ratio of 16.9% (31 March 2025: 17.1%). This capital position ensures the West Brom can continue to deliver its purpose, helping more people to buy their own home, and allowing us to invest for the future. 

Jonathan Westhoff, Chief Executive Officer at West Brom Building Society, said: “These results reflect the real and positive difference we continue to make for our members. Despite ongoing uncertainty in the wider market, we’ve remained focused on supporting aspiring homeowners and rewarding loyal savers.

“We’re proud that over seven in ten of new mortgages were to first-time buyers, a clear sign that our purpose-led approach is delivering real impact. We’re committed to supporting first-time buyers and enabling homeownership in all its forms, including shared ownership, 95% mortgages, and other accessible options. Our strong financial performance and capital position means we can also continue to invest in the digital transformation programme we’re undertaking and help support more customers with their savings and mortgage lending in the future. 

“We continue to actively support our communities, with colleagues contributing their time, skills and resources to support local causes and financial education initiatives across our heartlands.  During the first half of the year, we’ve supported more than 30 local charities through fundraising, grants and donations and have contributed over 1,380 (30 September 2024: 790) volunteering hours.  I’m pleased our ongoing investment in our people and culture has been recognised as we were named one of The Sunday Times Best Places to Work 2025.”

“Going forward, we’ll continue to engage with policymakers and sector partners to ensure the value of saving and the role of building societies stay firmly on the agenda. Our digital transformation programme remains a key priority, helping us improve efficiency, enhance member experience, and meet the evolving needs of future customers, whilst continuing to offer traditional services through branches and on the phone.”