Nationwide has best year ever thanks to surging mortgage demand

Nationwide Building Society records best ever year as profits double on back of surging mortgage demand and interest rate hikes

  • Nationwide reported its annual underlying earnings shot up by £814m to £1.6bn
  • Over half of its earnings growth came from net interest income rising by £416m
  • The temporary stamp duty holiday helped boost demand for mortgage lending

Britain’s largest building society has posted its best annual results ever, with profits more than doubling thanks to soaring demand for home lending and core products.

Nationwide’s underlying earnings shot up by…

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