According to the results for the year ending 31st December 2024, the company saw underlying profits before tax rise from £426m in 2023, while statutory profit before tax increased by 12% to £418.1m from £374.3m in the previous year.

In an exclusive interview with B&C, the group revealed the launch of OSB Specialist Property Solutions, a service that gives brokers direct access to decision makers — such as its in-house valuers and senior underwriters — for complex commercial and bridging loans.

The service will be headed up by Peter Greig of the firm’s valuation department and will have no maximum loan size, building on the firm’s HNW team.

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Commenting on the service, Adrian Moloney, group intermediary director at OSB, said: “We're looking at the more complex loans in bridging and commercial, that may be a large loan or just a complexity in terms of structure, which basically gives brokers direct access to decision makers, our in-house valuers and our senior underwriters, and they've got [extensive] knowledge of the complex market, things like offshore structures and complex properties.”

The announcement follows the launch of the Precise mobile broker app in August of last year, which Adrian commented: “The feedback on the app has been really positive. I think there's more that we can do with that in 2025.”

In terms of the group’s bridging activities, short-term bridging originations grew by 5% to £460.1m from £437.2m in 2023.

The gross bridging loan book grew by 9% to £364.5m in 2024.

Meanwhile, its gross commercial loan book increased by 24% to just under £1.36m in 2024.

Commercial originations in 2024 stood at £446.8m, an uplift of 10% from £405.6m in the prior year.

The group’s overall underlying and statutory net loan book saw a 2% decrease to £25.1bn, due to OSB’s £1.25bn securitisation and deconsolidation transaction in December.

OSB said without the transaction, the underlying net loan book would have increased by 2.5%.

Speaking to B&C, Jon Hall, group managing director of mortgages and savings at OSB Group (pictured above), said: “I think we made a very, very considered view at the end of 2023, going into 2024 to make sure that we tightened up on all of the service aspects that we delivered on, particularly in commercial through InterBay.”

Commenting on the results, Andy Golding, group CEO at OSB, stated: “The results delivered by OSB Group in 2024 demonstrate the strong fundamentals which underpin our business and also the focused and disciplined strategic choices made in the year by the board and management that will shape the group’s future.

“Today [13th March], we also set out our medium-term aspirations building on our actions over the next two years where we will focus on growing across all our segments and, in particular, increasing origination volumes where yields are strong and sustainable such as commercial lending, asset finance, development finance, and bridging.”