Bradford & Bingley plc has announced its preliminary results for the year ended 31st December 2005.
One particular feature referred to is the decision to focus on the buy-to-let market, where it increased balances by 20% during the year. At the same time, its market share of new lending in the second half has seen a reduction to a "more natural" level of around 20%.
B&B also increased the amount of self-certified lending, where balances grew by 32% over the full year. In its outlook for 2006, B&B reports continued momentum of record lending volumes from the second half of 2005 and a strong pipeline, which it believes should translate into good growth for lending income.
