Lloyds Banking Group saw a £10.8bn increase in mortgage lending in 2025, with business driving its overall “strong customer lending growth”. In its full-year results, the group announced that its underlying loans and advances to customers grew by £22bn or 5% to £481.1bn. Lloyds Banking Group lent £17bn to more than 70,000 first-time buyers last year, supported by its first-time buyer boost mortgage proposition. Meanwhile, the group reduced its impairment charge from £194m in 2024 to £60m last year, owing to the macroeconomic outlook and growth in house prices. Charlie Nunn, group chief executive of Lloyds Banking Group, said: “In 2025, we entered the second phase of our five-year strategy and continued to deliver for customers, shareholders and wider stakeholders.