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OneSavings Bank - Pure play BTL lender and an imminent FTSE-250 contender

July 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • OSB
  • Price:
  • 315p
The two challenger banks we have featured recently, Aldermore and Shawbrook, have both said that their mortgage lending operations have been the fastest growing bits of their loan book, accounting for 65% and 50% of profit respectively but another new entrant, OneSavings Bank (OSB; 315p), is about as “pure play” a mortgage lender as you’re going to get with 95% of its profits coming from residential and buy-to-let mortgages. There’s a case of déjà vu because as was the case with Aldermore in June, we think OSB will be promoted to the FTSE-250 in the next review in September, so grab it with both hands ahead of the trackers!OSB was formed out of the ashes of Kent Reliance Building Society, a 150 year old financial institution rescue ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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