Chetwood Bank, a leading UK digital challenger bank, has surpassed a significant milestone with its balance sheet now exceeding £5 billion—highlighting the bank’s strong momentum and rising demand for its savings and specialist mortgage products.
The bank’s growth trajectory has been nothing short of impressive. From £3.1 billion in March 2024 to £4 billion by May 2025, it has now crossed the £5 billion mark in just a few short months. This rapid increase reflects Chetwood’s successful customer acquisition strategy and expanding financial offerings.
Coinciding with this achievement, Chetwood has announced plans to open a fourth UK office in Manchester, adding to its existing locations in London, Fleet, and Wrexham. The expansion reinforces its commitment to scaling operations and reaching new talent pools across the country.
A key driver of Chetwood’s growth is its specialist mortgage services, offered through ModaMortgages and CHL Mortgages for Intermediaries. These services are bolstered by a series of forward-flow agreements and partnerships with intermediaries, enabling the bank to serve a growing number of UK borrowers efficiently.
Additionally, Chetwood maintains a robust £2 billion investment portfolio, including senior positions in warehouse financing facilities that support both consumer and SME lenders across the UK.
On the savings front, Chetwood has expanded its offerings this year to include easy access savings accounts and ISAs, complementing its existing range of fixed-term products. The bank continues to offer competitive rates, attracting savers looking for simple, high-value options.
Paul Noble, CEO of Chetwood Bank, commented:
“Reaching £5 billion in assets is a clear sign that our no-nonsense, customer-focused approach to savings and mortgages is working. Our model combines specialist lending expertise with a disciplined treasury strategy, resulting in a resilient and diverse balance sheet. We’re excited about the future and will continue building on this momentum.”
Chetwood Bank’s digital-first model and continued investment in both infrastructure and people position it for sustainable, long-term success across all UK markets.
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