Aldermore’s profits before tax increased as the bank provided more than £2bn in new mortgage lending in 2016.
The bank said it was a record year for profits and growth in both lending and deposits.
Underlying profit before tax increased by 34 per cent compared to 2015, to a record high of £133m.
Total mortgage lending grew by 24 per cent year-on-year to £ 5.7bn, as total customer numbers reached an all-time high of more than 30,000.
Charles Haresnape, group managing director for mortgages at Aldermore, said: “2016 has been a fantastic year for Aldermore with growth across all our business divisions.
“We are dedicated to go beyond the one-size fits all approach, employing specialist underwriters to understand each individual, offering a service that works best.
“We remain committed to helping businesses and individuals to seek and seize opportunities, further enhancing our service and digital capabilities.”
In 2016, total deposits increased 16 per cent to £6.7bn, including SME deposits rising by 18 per cent to £1.6bn.
In residential mortgages Aldermore’s lending grew by 7 per cent to £1.5bn.
The bank said this was driven by £466m of originations which, over the year, more than offset a high level of redemptions on Help to Buy mortgages written two years ago when Aldermore was the first to market with the product.
In buy-to-let, Aldermore’s lending grew by 38 per cent to £3.3bn.
It said this growth reflects “operational agility”, taking advantage of the market spikes in the first quarter, ahead of the introduction of an increase in stamp duty.
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