The financial services firm says “strong demand” for home loans across its core buy-to-let and residential segments helped organic originations jump 29% to £5.8bn in the year to 31 December on a year ago.  

Overall, its statutory net loan book increased by 12% to £23.5bn, while its statutory net margin interest lifted to 278 basis points, from 235bps, due to a series of Bank of England interest rises during the period.  

The group includes a variety of brands — including Kent Reliance for intermediaries, Precise Mortgages and Charter Savings Bank — which operate across residential, BTL and bridging loans, as well as retail savings.  

OSB Group chief executive Andy Golding says: “The business has remained resilient in a difficult macroeconomic environment, continuing to support and provide valuable solutions for our customers.”  

The business adds: “We remain cognisant of the uncertain macroeconomic outlook and the potential impact of the higher cost of living and borrowing on the mortgage market and affordability.   

“We are building a healthy pipeline of new business and have a proven track record of retaining customers, attracting new business and working with high-quality borrowers.”  

The group says that its net fair value gains on financial instruments from hedging activities jumped more than two-and-a-half times to £48.5m in the period.  

It add that its underlying net margin interest this year “is expected to be broadly flat” compared to the last 12 months, as it plans to issue debt, subject to market conditions.   

Its common equity Tier 1 ratio is 18.3%, compared to 19.6% a year ago.