Charter Court's profits rise
Charter Court Financial Services Group saw pre-tax profits rise by 57 per cent in the six months to the end of June.
They were up from £59.3 million a year before to £93.1m.
The Wolverhampton-based buy-to-let mortgage specialist Charter Court, which operates the Exact and Precise Mortgage brands, floated in September.
Its loan book was up 29 per cent from £4.4 billion to £5.6bn with the retail deposits balance rising from £3.9bn to £4.2bn
Charter Court also announced an inaugural dividend of 2.8p per share.
Chief executive Ian Lonergan said: "We continued to make progress in the first half of 2018, delivering against or exceeding all of our targets.
"Steady growth in our balance sheet was maintained, with originations driven primarily by the strong uptake of our specialist buy to let products designed for the growing sophistication of our chosen market segments.
"This positive result was achieved whilst controlling risk efficiently and effectively, maintaining the high quality of our mortgage book.
"Our asset growth remains supported by the strength of our capital markets execution capabilities."
Mr Lonergan added that Charter Court remained well capitalised for future growth and on track to deliver against its medium term targets
