Society celebrates record year as the sector turns 250

We have announced record new mortgage lending of over £125million and growth in savings members to nearly 21,000 in 2024 at our Annual General Meeting on 24 April.

Our record achievement for mortgage completions was helped by a 50% increase in lending to first time buyers, alongside advances of £28million granted to property developers and aspiring self-builders.

Over 6,000 new savings accounts were opened in 2024 as we attracted a record numbers of savers – this helped boost our retail savings by more than £39million!

As the sector celebrates the 250^th anniversary of the first building society, we’re also pleased to shine a light on the virtues of mutuality and our substantial support for local charities and community groups. In 2024, we donated over £113,000 to deserving causes across our Heartland Area, we raised over £7,500 for our Charity Partner, Alzheimer’s Society, and provided 125 volunteer days to local charities and community groups.

Our Chief Executive, Paul Wheeler, said the record-breaking results show that our building society model remains as relevant today as ever:

“Last year we helped more people save for the future than ever before, and our new mortgage lending topped £125million for the first time.

We’re owned by our Members and put them at the heart of all that we do.  Our flexible lending approach, our personal service and our can-do attitude remain highly valued, and the reason we’ve been able to welcome so many new customers last year.

Supporting our Members’ financial wellbeing is fundamental to our success, and we recognise that whilst many customers like to transact face-to-face through our branches, people are increasingly wanting to be able to transact online too. That’s why, in 2025 we’re preparing for a major transformation to meet this growing need.

This is an exciting time for us at The Mansfield – as we’re growing we’re also investing to improve the service to all our customers, however they choose to transact with us in the future.”