OSB Group reported that loan originations lifted 10% to £1.1bn in the first three months of 2025 compared to a year ago.
The specialist lending group owns a range of firms including OneSavings Bank, Kent Reliance and Precise Mortgages.
Its group net loan book edged up 0.4% to £25.2bn from the previous three months as the firm “maintained pricing discipline and focus on higher-yielding specialist sub-segments of commercial, asset finance, bridging and development finance,” the business said in a market statement.
Three-month-plus arrears balances were 1.7% at the end of March, unchanged from the end of last year, in line with its expectations.
The business repurchased £15.7m of shares under its £100m share repurchase programme, which is due to be completed by 10 March 2026.
OSB Group chief executive Andy Golding said:” We continued to prioritise returns over growth when pricing new and retention mortgage products which led to a broadly flat net loan book compared to the end of 2024.
“We saw growth in originations in more complex buy-to-let and our higher-yielding specialist sub-segments and retail deposit pricing remained in line with our assumptions with an attractive blended front book margin.”
