A Hampshire-based mortgage lender owned by Starling Bank has reported a strong year, with revenues and profits both up.
Fleet Mortgages posted revenues of £44.7m for the 12 months ended 31 March 2026 – up 17 per cent on the year prior – while operating profit rose 12 per cent to £13.1m.
This was driven by increased mortgaged advances, which came to just shy of £1bn, and loans under management, which grew to £4.5bn.
Founded in 2014 and acquired by Starling in 2021, Fleet Mortgages specialises in buy-to-let lending.
Looking ahead, a statement from the company read: “Fleet Mortgages remains committed to its objective of being a lender of choice within the buy-to-let segment.
“While the external environment remains subject to uncertainty, the directors believe that the specialist nature of Fleet’s proposition, its strong intermediary relationships, and its focus on professional landlords position the business well to continue to grow its lending volumes and loan book.”