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What was the reasoning?" 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ONESAVINGS BANK PLC

Location

Founded

2010-07-13

Website

https://www.osb.co.uk/

Articles

182 Articles

Category

National Commercial Banks

Description

With a central mission to provide fair financial solutions to all, OSB Group is a specialist lending and retail savings group serving the UK, Jersey and Guernsey, and is authorised by the PRA, part of the Bank of England, and regulated by the FCA. With a heritage dating back over 150 years, OSB floated on the London Stock Exchange in June 2014 and joined the FTSE 250 one year later. 2019 marked an exciting period of growth with the combination of OSB and Charter Court Financial Services, taking The Groups individual brands to 13, including Kent Reliance, Precise Mortgages, InterBay Commercial, Heritable Development Finance, and Charter Savings Bank. OSB Group focuses its specialist lending activities on selected sub-sectors of the lending market in which it has an established presence and expertise. These include private rented sector buy to let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending, secured funding lines and asset finance. Predominantly funded by retail savings originated through online and direct channels, The Group originates almost all of its organic lending through specialist intermediaries. It’s differentiated through its use of highly skilled, bespoke underwriting and efficient operating model. The majority of the Group’s administrative support functions are performed by its wholly owned operations in Bangalore, India.

Articles

OneSavings Bank announces enhancements to HMO proposition

2020-10-26 (landlordtoday.co.uk)

OneSavings Bank announces enhancements to HMO proposition

OneSavings Bank recently introduced a new approach to buy to let and HMO valuations which included new valuation fee scales and lending based on investment value.

Read more
Precise, Interbay and Kent Reliance progress pipeline cases

2020-06-03 (financialreporter.co.uk)

Precise, Interbay and Kent Reliance progress pipeline cases

Kent Reliance for Intermediaries, Precise Mortgages and InterBay Commercial have announced that all buy-to-let and residential pipeline cases, where valuation fees have been paid, will now be progressed in line with the lending policy in effect at

Read more
One to One: Adrian Moloney, sales director, OneSavings Bank

2016-10-21 (mortgagestrategy.co.uk)

One to One: Adrian Moloney, sales director, OneSavings Bank

Last month Kent Reliance changed its valuation criteria, including reducing the period for which a valuation applies from six months to four months. What was the reasoning?

Read more

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