Why invest in OSB Group?

OSB Group is a leading specialist mortgage lender; what makes us different is our unique business model and our consistent returns.

Underlying net loan book


2022: £23.5bn

Ordinary dividend per share


2022: 30.5p

Underlying return on equity


2022: 24%

Leader in specialist sub-segments

OSB Group is a leading mortgage lender in professional Buy-to-Let and specialist Residential market sub-segments. The Private Rented Sector has experienced an expansion in the last 20 years boosted by a lack of affordable housing in the UK and the Group’s share of new Buy-to-Let business was c.9% in 2023. The Group’s net loan book grew by 9% in 2023.

Highly capital-generative

The Group is strongly capitalised with a proven track record of capital generation through profitability. This allows it to support strong growth as well as distributions to shareholders. The Board has recommended a final dividend of 21.8 pence per share and a £50m share repurchase programme over the next six months.

Consistent returns

Since its IPO, the Group has consistently generated a market-leading return on equity (RoE), driven by attractive margins, significant growth in its specialist market subsegments and sound risk management. In 2023 the underlying and statutory RoEs remained strong at 16% and 14%, respectively, after the total net adverse EIR adjustment of £181.6m and £210.7m on an underlying and statutory basis.

Our competitive advantage

The Group focuses on market sub-segments where its specialist approach to underwriting offers a key source of differentiation. The Group offers a unique breadth of complementary yet differentiated lending propositions to its customers, ranging from speedy decisions for ‘off the peg’ solutions from its Precise Mortgages brand, through to structuring unique ‘bespoke’ solutions through its InterBay brand.

Experienced  leadership team image

Experienced leadership team

The Group is managed by an experienced and well-respected leadership team and governed by a Board with a broad range of skills and expertise. The leadership team has a long track record in operational management and in delivery of sustainable returns for shareholders.

Focus on sustainability image

Focus on sustainability

The Group progressed its commitment to net zero1 and the Net Zero Banking Alliance by publishing interim science-based targets for 2030. In 2023 we laid the foundations for achieving these targets be developing our inaugural Climate Transition Plan, available on our website. We strive to make the Group a more diverse and inclusive organisation and, in the year, we achieved our 33% target of women in senior management roles in the UK.

1. Net zero is defined as a reduction in Scope 1, 2, and 3 emissions to zero or to a residual level that is consistent with reaching net zero emissions at the global or sector level in 1.5°C aligned pathways.