OSB Group reported that loan originations increased by 10% to £2.1bn in the first six months of the year compared to a year ago.  

The specialist lending group owns a range of firms, including OneSavings Bank, Kent Reliance and Precise Mortgages.   

The group’s net loan book grew 1.2% to £25.4bn in the period as the business focused on diversification into higher-yielding sub-segments, it said in a trading statement. 

The group said buy-to-let advances fell 9% to £935.4m, representing 69% of its loan book, down 1% from December.

The firm reiterated that it wants landlord loans to settle at equal to, or less than, 60% of its loan book in the next four years, as it spreads its portfolio. 

Commercial loans jumped 127% to £310.9m in the period, asset finance rose 59% to £123.3m and bridging lifted 73% to £331.2m. 

OSB Group chief executive Andy Golding said: “The group’s results for the first half of 2025 demonstrate resilient financial performance in line with management expectations in addition to strategic progress as we work our way through the two-year transition period.” 

The group is in the middle of a soft launch of a new BTL lending platform called Rely, and adds that on 1 September it will lift testing to 30 firms and around 300 brokers. It has yet to announce a launch date for the hub. 

Pre-tax profit fell 20% to £192.3m, with the group putting this down to a fall in net interest income and higher impairment charges and administrative expenses. 

OSB shares fell 2% to 535p in early trading.