OneSavings Bank reported a sharp rise in H1 profit amid strong demand from landlords and developers.
Pretax profit at the buy-to-let property lender jumped 36% to £64.6m. Chief executive Andy Golding said the increase reflected strong growth in loans and advances and an improved net interest margin of 307 basis points.
The bank expects the buy-to-let market to grow by 10% next year, down from a previous forecast of 12% growth.
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