OSB Group reported that mortgage originations elevated by 10% to £2.1bn in the primary six months of the yr in comparison with a yr in the past.
The specialist lending group owns a spread of companies, together with OneSavings Bank, Kent Reliance and Precise Mortgages.
The group’s web mortgage e book grew 1.2% to £25.4bn in the interval because the enterprise targeted on diversification into higher-yielding sub-segments, it stated in a buying and selling assertion.
The group stated buy-to-let advances fell 9% to £935.4m, representing 69% of its mortgage e book, down 1% from December.
The agency reiterated that it needs landlord loans to settle at equal to, or lower than, 60% of its mortgage e book in the subsequent 4 years, because it spreads its portfolio.
Commercial loans jumped 127% to £310.9m in the interval, asset finance rose 59% to £123.3m and bridging lifted 73% to £331.2m.
OSB Group chief govt Andy Golding stated: “The group’s outcomes for the primary half of 2025 exhibit resilient monetary efficiency in line with administration expectations in addition to strategic progress as we work our approach via the two-year transition interval.”
The group is in the center of a gentle launch of a brand new BTL lending platform referred to as Rely, and provides that on 1 September it is going to carry testing to 30 companies and round 300 brokers. It has but to announce a launch date for the hub.
Pre-tax revenue fell 20% to £192.3m, with the group placing this right down to a fall in web curiosity revenue and better impairment fees and administrative bills.
OSB shares fell 2% to 535p in early buying and selling.
