OneSavings completed its acquisition of Charter Court on 4 October, having been given the green light by the regulator back in July.
OneSavings reported new mortgage originations of £842m in the three months to end-September 2019, higher by 15 per cent compared to £730m in Q3 2018.
For the nine months, new originations were £2.5bn, up by 14 per cent on £2.2bn for the same period 2018.
At Charter Court, new originations were £865m for the three months, higher by 22 per cent compared to £708m in the same period 2018.
For the nine months, originations reached £2.4bn, up by 14 per cent against £2.1bn in 2018.
“We are in the early stages of integrating the two businesses. Both banks’ lending franchises are performing very well, with strong levels of applications at attractive margins across our core product types building a robust pipeline for Q1 2020,” said Andy Golding, chief executive at OneSavings (pictured).
Net loan book
OneSaving’s book of net loans and advances grew by 15 per cent, or £1,307m, to £10.3bn for the nine months to end-September.
For the full-year 2019, OneSavings expected net loan book growth “in the high teens” and net interest margin “to be broadly flat”, it said.
Charter Court’s book grew four per cent, with net loans and advances up £236m to £6.9bn, in the nine-month period. Growth was 21 per cent excluding the impact of the sale.
For the full-year, Charter Court expected net loan book growth “in the high twenties,” excluding the impact of the sales of securitised assets, it said.
Net interest margin was expected to come in “slightly lower” in H2 compared to H1 2019.