Loan Introducer
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
  • Commercial
  • Residential
  • Secured
  • Short Term
  • Unsecured
Facebook LinkedIn Twitter

Time: 0:0

Robyn Hall

OneSavings Bank grows loan book as chairman resigns

02 November, 2016

By: Robyn Hall

category: Secured

0

OneSavings Bank, owner of Kent Reliance, InterBay Commercial and Prestige Finance has announced strong results after it emerged that its non-executive chairman Mike Fairey has resigned.

Its loan book swelled by 13% (£466m) to £5.6bn during the first nine months of the year, though that excluded the sale of Rochester Financing which disposed of about £220m worth of mortgages.

Yesterday it was reported that Fairey will step down at the bank’s 2017 annual general meeting.

The bank said it will search internally and externally for a successor to Fairey, who joined the bank in April 2014.

Andy Golding, chief executive of OneSavings Bank, who was commenting on the results, said: “Application levels for the second half to date are significantly in excess of the first half and our pipeline of new business is at a record level.

“This means we remain confident of achieving our net loan book growth target for this year and double-digit growth into 2017.”

On 31 October, the bank completed the purchase of a small £60m residential mortgage portfolio.

The bank has drawn £626m under the Funding for Lending Scheme to date, while it intends to begin drawing from the new Term Funding Scheme in the fourth quarter.


Tags: Andy Golding, Interbay Commercial, Kent Reliance, OneSavings Bank, Prestige Finance

Recent News

Evolution Money launches second-charge tracker

08 April, 2021

Loans Warehouse: Business as usual for second charge market

12 January, 2021

Loans Warehouse appoints former OneSavings Bank director

12 January, 2021

Shawbrook increases maximum loan size across second charge offering

12 January, 2021

Comments are closed.

Polls

Will the next six months see an increase in second charge business?

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Blog: Regulation, regulation, regulation

28 January, 2016

  • 0

BLOG: The need to shop around

27 October, 2015

  • 0

Experience is everything

28 March, 2013

  • 0

Tags

  • ‘The LM Experience’
  • £50m
  • 1st HomeLoans
  • 1st Stop Group
  • 247Moneybox
  • 360 Lifecycle
  • 75% LTV
  • 85% LTV
  • Aaron Noone
  • ABC
  • Abhai Rajguru
  • Access 4 Finance
  • Access4Finance
  • Accord
  • acquisition
  • Adam Tyler
  • Adelle Rhule-Martin
  • Adrian Moloney
  • Advertising Standards Agency
  • Advertising Standards Agnecy
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
Facebook LinkedIn Twitter

© CEDAC Media Limited | Terms & Conditions

Advice to readers

While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.


© Mortgage Introducer Limited: Our Privacy and Cookies Policy

TPG

www.mortgageintroducer.com
www.investmentinternational.com
www.homebuying.co.uk
www.propertywire.com
www.everyinvestor.co.uk

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login