One Savings Bank has shrugged off the slowdown in buy-to-let mortgages, lifting its guidance for lending growth to its favoured segment of professional and semi-professional landlords.
Net new loans rose by 11% in the first half and the bank said it expected to achieve percentage growth for the full year “in the high teens”. Previously it had guided to the mid-teens.
The bank, which trades under the Kent Reliance name, posted first-half interim pre-tax profits of £91.8m, up 17%, and lifted the interim dividend by 23% to 4.3p.
