OneSavings Bank has released its interim half year report. Underlying profit before tax saw a yearly increase of 6% along with a net loan book…
Ultimate Finance has reported its strongest first half performance on record having provided £750m to SMEs in 2019 so far.
The society enabled thousands of people to buy their own homes, helping people to buy their first property or move home 8,393 times through £4.0bn in gross lending.
Overall Santander’s profits have fallen by a third as banks across the UK continue to battle for mortgage customers
Having passed the £2bn lending mark in July 2016, the past 18 months have seen Octopus Property transacting record volumes on a monthly basis.
YBS delivered 36,064 mortgages during 2017 as gross mortgage lending hit a record £8.1bn.
Gross residential mortgage lending was up by 8% to £535m whilst net residential mortgage lending increased by 11%.
The Conservatives, under Prime Minister Theresa May, had been widely tipped to achieve a landslide in the Election.
Both self-employed (24%) and complex income (17%) customers saw an increase in demand, indicating an increased requirement for specialist mortgage products and wider availability of products.
The society’s total assets now stand at over £328m whilst profit after tax was £1.58m.