Buy-To-Let Lender Warns On Brexit Impact After Strong First-Half

OneSavings Bank Plc (OSBO.L) has warned of the potential impact of a hard Brexit on the UK housing market over the next year, overshadowing largely upbeat results and sending its shares lower. First half results showed its net loan book grew 11 percent to 8.1 billion pounds and the company said it now expected growth in the “high-teens” percent versus a previous forecast in the “mid-teens”. However, OneSavings’ shares fell almost 3 percent with markets focusing on the company’s warning about the potential effect of Britain’s exit from the European Union. Chief Executive Andy Golding told Reuters “If you look at the overall buy-to-let market, it is definitely shrinking.” Read more on the Reuters website.

https://uk.reuters.com/article/uk-onesavings-bk-results/buy-to-let-lender-onesavings-warns-on-brexit-impact-after-strong-first-half-idUKKCN1L80KL