Why invest in OSB Group?

Investors

OSB Group is a leading specialist mortgage lender, primarily focused on carefully selected sub-segments of the UK mortgage market.

RoTE 13.7% in 2025

Ordinary dividend 35.3 pence per share up 5% from 2024

TNAV 579 pence per share up 6% from 2024

#1 specialist lender

OSB Group operates a holistic lending strategy and is an experienced and diversified lender with deep expertise in Buy-to-Let, specialist Residential, Commercial, Asset finance, Residential development and Bridging. For 2024, OSB Group was the largest independent Buy-to-Let lender in the UK.1

Our competitive advantage

The Group offers a one stop shop for our intermediaries with a breath of complimentary yet differentiated lending propositions. The Group is funded by two established retail savings brands: Kent Reliance and Charter Savings Bank as well as opportunistic wholesale issuances. The wholly-owned subsidiary OSB India provides a structural advantage to the Group, with access to talent, excellent customer service and cost effectiveness.

Highly capital-generative

The Group is strongly capitalised with a proven track record of capital generation through profitability. This allows it to support growth as well as distributions to shareholders. In 2026, the dividend per share is expected to increase by 5%. The Group announced a £100m share repurchase programme in March 2026 and is committed to returning excess capital to shareholders.

Consistent returns

Since its IPO, the Group has consistently generated attractive returns, driven by strong growth in its specialist market sub-segments and sound risk management. RoTE for the year ended 31 December 2025 was 13.7%.

2027-2029 Aspirations

In March 2025, the Group published its Investor update which included medium-term aspirations for 2027-29, as below:

Second year of the transition period

2026 Guidance
2027-2029 Aspiration
Net loan book growth
Broadly similar to 2025 outcome
Mid single digit if returns meet our requirements
NIM
circa 225bps
Loan book diversification
Buy-to-Let to comprise ≤60% of the net loan book
Administrative expenses
c.£280m1
Gradual improvement to low 30s% cost to income ratio and positive jaws
RoTE
Low teens
Mid teens in 2027-28 increasing to the top end of mid teens in 2029
Distributions
5% growth in dividend per share and commitment to return excess capital
CET1 ratio
13 - 13.5% post implementation of Basel 3.1

1 Additional costs related to the new CEO transition and buyout are not included